US hits Iran with more sanctions over nuclear program

iran nuclear
File photo : A report in late November 2020 from the International Atomic Energy Agency concluded that Iran now has more than 12 times the amount of enriched uranium permitted under a 2015 nuclear deal with world powers. It now has a stockpile of more than 2,442 kilograms, or over 5,385 pounds, of low-enriched uranium. That is enough to produce about two nuclear weapons, according to an analysis of the report by the Institute for Science and International Security. But it would require several months of additional processing to enrich the uranium to bomb-grade material, meaning that Iran would not be close to a bomb until late spring at the earliest . Iran has been trying to pressure Biden into rejoining the Joint Comprehensive Plan of Action (JCPOA) without pre-condition but top administration officials are in no hurry and consider Iran’s pressure sort of a blackmail
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iran nuclearThe United States on Friday sanctioned more than 25 businesses, banks and individuals suspected of working to expand Iran’s nuclear program, supporting terrorism and helping Iran evade U.S. and international sanctions.

The action is part of the Obama administration’s effort to show it will enforce existing sanctions even as it works with other world powers to negotiate a deal that will curtail Iran’s nuclear program.

“Treasury’s action against over 25 entities and individuals, who are involved in expanding Iran’s proliferation program, supporting terrorism in the region and helping Iran evade U.S. and international sanctions, reflects our continuing determination to take action against anyone, anywhere, who violates our sanctions,” Under Secretary for Terrorism and Financial Intelligence David Cohen said in a statement.

As a result of the action, Americans are banned from engaging in transactions with any of the designated parties and blocks all their property or interests in property under U.S. jurisdiction.

ABC/AP

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