The Trump administration moved Tuesday to break up a group of Iranian-linked companies that has transferred around $1 billion to Iran in violation of U.S. sanctions on the country.
The Treasury announced it had hit a "vast network" of 25 people, firms and Iranian government agencies with sanctions for evading penalties the U.S. put in place last year after withdrawing from the 2015 Iran nuclear deal. The sanctions freeze any assets they may have in U.S. jurisdictions and bar Americans from doing business with them. But they also open any foreign company or person to U.S. sanctions if they do business with the targeted entities.
The action identifies four firms...
The reactor building at the Russian-built nuclear power plant in Bushehr, Iran, is shown in August 2010, when the first fuel was loaded at the site. Iran and six world powers have been in negotiations aimed at preventing Iran from developing a nuclear weapons capacity.