Monday, February 28, 2011

U.s. slaps sanctions on Iranian Bank Refah (Reuters)

WASHINGTON (Reuters)-the United States on Thursday introduced sanctions for Iran to facilitate the creation of millions of dollars in the Bank Refah missiles and tanks for the purchase of the Ministry of defence (MOD).


These purchases on the Iranian leadership to keep its Fighter jets and submarines, the US Treasury Department said in its announcement.


Treasury Undersecretary Stuart Levey, terrorism and financial intelligence, "the Treasury is now exposed to the Iranian Government-owned, it supports Iran's nuclear and missile programs, banks, 20, or, in the fight against terrorism," said.


Treasury said, the Bank shall also facilitate the Refah Iran aircraft industries Enterprise payments to businesses and individuals linked to Iran of weapons-related purchases.


"The pervasiveness of this illegal activity explains why legitimate financial institutions into form letters throughout the karttavat of the Iranian banks," said Levey, from Bush holdover, announced late last month.


The most recent actions to prohibit all transactions in the United States departments of companies and individuals will be nominated and seek to freeze the jurisdiction of the United States, they may be.


Previous similar move also is effectively cut off from the international finance, sanctioned entities.


The European Union imposed sanctions, which Refah Bank of July 2010, the Treasury said.


Iran says its nuclear enrichment program is designed to produce electric power. The United States and the Western allies to acquire nuclear weapons it is blamed.


(Reporting Corbett B. Daly; Editing By Xavier Briand)

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