Air Freight News

US sanctions Iran foundation used to fund protest crackdown

The US Treasury Department imposed fresh sanctions on an Iranian foundation it said is used as a slush fund by the Islamic Revolutionary Guard Corps in connection with efforts to quash anti-government protests.

Senior IRGC members have used the IRGC Cooperative Foundation to carry out human rights abuses, including suppressing protests, and the foundation become a “wellspring of corruption and graft,” according to Treasury.

“Along with our partners, we will continue to hold the Iranian regime accountable so long as it relies upon violence, sham trials, the execution of protesters, and other means of suppressing its people,” the under secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.

The Treasury also sanctioned five of the foundation’s board members as well as four IRGC officers and an intelligence minister for alleged human rights abuses linked to the protests.

The foundation was previously sanctioned under authorities related to counter-terrorism and nuclear proliferation but was re-designated under an executive order related to human rights abuses in response to protests that have erupted across Iran following the death in police custody of a 22-year-old woman who’d been detained for allegedly violating Islamic dress codes.



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories
El Niño drives southern African Millers to seek Brazil corn
View Article
Metal traders get ready for fireworks after LME Russia ban
View Article
Oil traders weigh risks of Iran-Israel conflict in tight market

The escalating conflict between Iran and Israel will force oil traders to reevaluate the geopolitical risk premium they need to apply to a market where tight supply-demand fundamentals have already…

View Article
Census data shows retail sales grew in March amid early easter, bigger tax refunds and more jobs

Data released by the U.S. Census Bureau today shows retail sales continued to increase in March as tax refunds and job growth put more money in shoppers’ pockets, National Retail…

View Article
Expected rise in war risk premiums and freight rates amid geopolitical tensions
View Article
Rate chokehold on world economy is set to loosen only slowly
View Article