BRAKING: US Treasury Department Sanctions Supporters of Iran's and Bahan Air

The US Treasury has sanctioned supporters of Iran's Ballistic Missile and Terrorism-Designate Bahan Air.

In a statement on its site the Treasury Department states that 'the actions are taken pursuant to Executive Orders (E.O.) 13224 and 13382 which blocks any property and interest in property under US jurisdiction of the designated entities and individuls'. It went on 'In addition, foreign financial institutions or persons that facilitate significant transaction for or provide material or certain other support to the designated entities or individuals risk exposure to sanctions that could server their access to US financial system or block their property or interest in property under US jurisdiction'.


This sanctions is expected to bring significant pressure to Iran and Bahan Air.