US Treasury Sanctions Top Officials At Central Bank Of Iran

US Imposes New Sanctions on Iran as 'Part of Aggressive Campaign' Against IRGC

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah

He further warned that if Iran continues to pursue nuclear weapons, "it will have bigger problems than it has ever had before".

The designation as terrorists of Valiollah Seif, the bank's governor, and Ali Tarzali, the assistant director of the bank's global department, comes a week after President Donald Trump reinstated sanctions on the bank itself as part of his withdrawal from the Iran nuclear deal. He argued it failed to address Iran's activities beyond its nuclear pursuits, such as its support for groups like Hezbollah, which is considered a terrorist organization by the U.S.

Sometimes, when the US punishes people with sanctions, it prohibits Individuals or USA firms from doing enterprise with them.

Earlier this month, Iranian President Hassan Rouhani said in a live broadcast that if President Trump follows through with his promise to pull out of the Iran nuclear deal, the United States "will surely regret it".

Iran's Foreign Minister Mohammad Javad Zarif said it would become clear in the next few weeks "whether agreements reached today will be implemented and how much progress we can make in practice". In this case, the US chose to also impose "secondary sanctions", which also apply to non-Americans and non-U.S. companies.

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Typically, when the USA punishes individuals with sanctions, it prohibits Americans or US companies from doing business with them.

Yet the European members of the global accord, livid at Trump over his withdrawal, have yet to commit to that effort.

Britain, France and Germany are working to salvage the nuclear deal.

Soon afterwards, Iranian Foreign Minister Mohammad Javad Zarif kicked off a diplomatic tour of Beijing, Moscow and Brussels for talks on ways to protect the deal and see if Iran's interests could be protected with the USA gone.

Whether the deal can survive without the USA depends on whether Tehran continues to receive sufficient economic benefits by way of business with the Europeans.

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President Trump has always been critical of the Obama-era agreement, calling it an "embarrassment" and "one of the worst and most one-sided transactions the United States has ever entered into". That has left the Europeans in the undesirable position of having to decide whether to call his bluff.

And on November 5, additional sanctions will be reimposed on persons "knowingly engaging in certain significant transactions" with the central bank.

But experts have cast doubt on that narrative and whether if true it would apply to Iran. "All of this is another arrow in the quiver".

Washington's Tuesday announcement is the second in less than one week targeting Iran. These Western "onerous currencies" might then be used to fund extremist parts, comparable to in Lebanon and Syria.

The blacklisting of Seif, which coincided with the start of negotiations among the remaining parties to the Iran deal, reveals Washington's failure to achieve its "pre-planned objectives" against the Islamic Republic. Seif frequently visits Washington to attend meetings of the International Monetary Fund. Still, the United States said it was imposing "secondary sanctions" on the Iranian bank officials, which could significantly increase Iran's isolation from the global financial system.

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