US State Department Confirms Intensified Efforts to Close All Illicit Revenue Channels for the Iranian Regime

Washington, Jan 10 (KUNA) -- The U.S. State Department said on Thursday that Washington is intensifying all possible efforts to shut down all “illegal” revenue channels for the Iranian regime as part of the “Economic Pariah” campaign. In a statement, the State Department said that sanctions imposed today by the U.S. Treasury against Iran’s automotive and railway sectors and a parallel Iranian banking network aim to heighten pressure to prevent Iran from circumventing sanctions and to cut off Tehran’s illegal revenue streams. The statement affirmed that the new sanctions seek to tighten economic measures against Iran and prevent it from accessing international markets, noting that they fall within a broader U.S. government strategy aimed at “depriving the Iranian regime of the resources it needs to threaten regional stability, sponsor terrorism, and advance its military ambitions.” It stressed that the State Department is working closely with other countries to cut off all means Iran uses to generate illegal revenues and to ensure that governments and companies worldwide understand the risks associated with commercial dealings with the Iranian regime. Earlier today, the U.S. Treasury announced that it was targeting networks in Iran’s automotive, railway, manufacturing, and steel sectors, as well as a “parallel” banking network, as part of the “Economic Pariah” campaign launched on August 24 to cut off all economic lifelines to the Iranian regime. (End) A.M.M. / F.A.S.