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U.S. imposes sanctions on Iran's construction sector

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Christian Fernsby ▼ | November 1, 2019
U.S. State Department announced hat it has imposed sanctions on Iran's construction sector and the transfer of four materials related to the country's nuclear or military programs.

KEY POINTS
  • The State Department said in a statement that Iran's construction sector was blacklisted
  • The United States also slapped sanctions on the trade of four materials with Iran
  • The latest sanctions are part of the U.S. campaign to maximize economic pressure on Iran

Construction sector in Iran
America   Construction sector in Iran
The State Department said in a statement that Iran's construction sector was blacklisted as it is "controlled directly or indirectly" by Iran's Islamic Revolution Guards Corps (IRGC), which was designated by America as a terrorist organization in April.

Topics: U.S. sanctions Iran construction

The United States also slapped sanctions on the trade of four materials with Iran, which Washington claimed are used in connection with Iran's nuclear, military or ballistic missile programs, said the statement.

The latest sanctions are part of the U.S. campaign to maximize economic pressure on Iran, it said.

Meanwhile, it was reported on Thursday that the U.S. State Department had extended sanctions waivers that permit foreign companies to work with Iran's civilian nuclear program without facing U.S. punishment. The waivers, which was due to expire on Tuesday, were extended for another 90 days.

Following the exit from the Iran nuclear deal, the Trump administration has kept piling up pressure on Iran through a series of sanctions and designations, which have been strongly opposed and criticized by Tehran.


 

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