U.S. Treasury Department declares new sanctions policy against Iran

May 8, 2018-- Following U.S. President Donald Trump’s decision to pull out of the nuclear deal with the Iranian regime, Treasury Secretary Steven Mnuchin confirmed the sanctions in a statement:

“President Trump has been consistent and clear that this Administration is resolved to addressing the totality of Iran’s destabilizing activities. We will continue to work with our allies to build an agreement that is truly in the best interest of our long-term national security. The United States will cut off the IRGC’s access to capital to fund Iranian malign activity, including its status as the world’s largest state sponsor of terror, its use of ballistic missiles against our allies, its support for the brutal Assad regime in Syria, its human rights violations against its own people, and its abuses of the international financial system.”

The IRGC is the main actor behind the Iranian regime’s ballistic missile program and its meddling in the countries of the region. The IRGC benefitted immensely from the nuclear accord, formally known as the Joint Comprehensive Plan of Action (JCPOA), which gave it access to billions of dollars to fund its terrorist activities abroad and its weapons programs. Cutting IRGC’s access to financial resources will deliver a serious blow to the Iranian regime’s regional ambitions as well as its security and suppression apparatus at home.

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