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The U.S. Department of the Treasury introduces sanctions against Iran

The U.S. Department of the Treasury introduces sanctions against Iran
July 18
09:00 2017

Today, on Tuesday, there was a message from the US Department of the Treasury. The report reads about the attitude of official Washington to Iran’s policy (first of all with regard to the development of ballistic missiles and support of international terrorism). The Treasury Department also reports that sanctions against 18 legal entities and individuals with a place of residence in Tehran became a consequence of disagreement with Iran.

The press release contains a quotation from the head of the US Treasury Department Steven Mnuchin, who claims that the States are not going to turn a blind eye to Iran’s provocations and that the US administration intends to actively interfere in the hostile actions of Iran.

According to the United States, the Islamic Revolutionary Guard Corps (IRGC) is based in Iran. 12 legal entities and individuals came under sanctions for financing this organization. Official Tehran has a national nuclear program; two organizations involved in it came under restrictions.

In addition, the well-known companies Rayan Roshd Afzar Company (Rayan Roshd), Qeshm Madkandaloo Shipbuilding Cooperative and Ramor Group were also placed under restrictions. The latter of these companies is based in Turkey and engaged in the supply of ship equipment. However, according to the USA, this legal entity is also connected with the Islamic Revolutionary Guard Corps.
It is interesting that the sanctions were not avoided by Ajily Software Procurement Group headed by Mohammad Syed Ajily. According to the US Treasury, this company earns on theft of the software in the States and reselling technologies to the government of Iran.

Most likely, such populist measures by the US Treasury will cause some destabilization of the energy market. Of course, all this will affect the oil quotations. Probably, oil prices will grow and this trend will continue for some time.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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