Iraq to form committee to review 'extremely unfortunate' US Treasury sanctions

The US Department of the Treasury on Thursday announced the imposition of sanctions on the Muhandis General Company and three Iraqi bank executives, accusing them of laundering money for Iran's Islamic Revolutionary Guard Corps (IRGC) and Iran-backed militias in Iraq.

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Syria hails US Senate vote to lift Assad-era sanctions

The officials said lifting the sanctions paves the way for the country’s economic recovery and reconstruction

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US, UK, Canada impose new snapback sanctions on Iran

Western nations have levied an additional flurry of sanctions targeting Iranian nuclear program associates in the wake of the activation of the snapback sanctions reimposition mechanism on Tehran.

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Iran says state bank accounts overseas emptied before sanctions hit

"The issue of the freezing of the assets of the Central Bank of Iran is not true because Iranian banks knew that such an action would be taken. The accounts that were frozen had basically no balance or only a minimal balance remained to prevent the accounts from being closed," Iranian Deputy Minister of Economic Diplomacy Hamid Ghanbari said.

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UK sanctions 71 individuals, entities over Iran nuclear program

London has imposed additional asset freezes on individuals and entities it claims are associated with Iran's nuclear ambitions, coming soon after the UN Security Council approved the activation of the "snapback" sanctions reimposition mechanism on Tehran.

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Iran says ready to face new UN sanctions

"The government has prepared itself for any situation," Iran’s First Vice President Mohammad Reza Aref said, seeking to quiet Iranian fears of economic downturn in light of UN sanctions being imposed on Tehran.

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Iraq braces for economic consequences of UN-imposed Iran sanctions

Moeen al-Kadhimi of the Iraqi parliament's finance committee told The New Region that the sanctions reimposition could affect Iraq through "fluctuations in energy supplies, especially in importing gas and electricity, which may strain the national grid and worsen the citizens' access to power. In addition, prices of imported goods could rise due to restrictions on financial transfers and difficulties in trade exchange, which may reduce Iraqis’ purchasing power."

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Iran slams return of ‘baseless, unjustifiable’ UN sanctions

“The reactivation of annulled resolutions is legally baseless and unjustifiable … all countries must refrain from recognizing this illegal decision,” the foreign ministry said in a statement. 

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US imposes new sanctions on Iran; Tehran condemns

The Iranian foreign ministry described the sanctions as "illegal" and a violation of human rights.

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