Economy

US imposes new sanctions on Iran

US imposes new sanctions on Iran

Sanctions target a foundation linked to Ali Khamenei

The United States on Wednesday announced a new sweeping package of sanctions against Iran. Sanctions target a foundation controlled by Iran’s supreme leader Ayatollah Ali Khamenei.

The US Treasury sanctions represent another step in the Trump administration’s “maximum pressure” campaign on Tehran.

The sanctions affected the Mostazafan Foundation, which is controlled by Khamenei, as well as 10 individuals and 51 organizations, which, according to the Ministry of Finance, are associated with this fund..

The foundation, which claims to be a charitable institution, has amassed enormous wealth at the expense of the rest of the Iranian economy and controls hundreds of companies and properties confiscated since the 1979 Islamic Revolution..

“Iran’s top leader is using the Mostazafan Foundation to reward his allies on the pretext of charity,” US Treasury Secretary Stephen Mnuchin said in a statement..US imposes new sanctions on Iran “The United States will continue to take action against key officials and sources of income that allow the regime to continue its crackdown on its own people.”.

The Ministry of Finance also imposed sanctions on Iranian Intelligence Minister Mahmoud Alawi, accusing him of complicity in serious human rights violations against Iranians, including during the protests in November 2019..

The suppression of last year’s protests was one of the bloodiest since the 1979 revolution.

According to Reuters, during the protests, which began on November 15, 2019 and lasted for about two weeks, about 1,500 people died, including at least 17 teenagers and about 400 women, as well as a number of security and police officers. Reuters count based on data provided by three Iranian Interior Ministry officials.

Iran’s Interior Ministry said approximately 225 people were killed during the protests. Protests erupted after state media announced fuel prices would rise 200 percent.

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