US Blocks $199Mln in Assets Belonging to Iran, Syria, N Korea in 2017 - Treasury

© AFP 2022 / PAUL J. RICHARDS A man enters the US Treasury Department building on Pennsylvania Avenue on January 24, 2017, in Washington, DC.
A man enters the US Treasury Department building on Pennsylvania Avenue on January 24, 2017, in Washington, DC. - Sputnik International
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WASHINGTON (Sputnik) - The United States blocked nearly $200 million in assets belonging to Syria, Iran, and North Korea in 2017 as a result of the sanctions imposed on the three countries, the Treasury Department said in its annual report to Congress released on Wednesday.

"Approximately $199 million in assets relating to the three designated state sponsors of terrorism in 2017 have been identified by OFAC as blocked pursuant to economic sanctions imposed by the United States," the report said.

READ MORE: Iran Selling Oil on Stock Exchange — Energy Expert

Gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005 - Sputnik International
Iran Warns of 'Hurtful' Times for Oil Buyers as US Sanctions Kick In
The statement comes days after the US fully reinstated sanctions against Iran, including measures that curb Tehran's oil industry. At the same time, the United States temporarily exempted eight nations — China, Greece, India, Italy, Japan, South Korea, Taiwan and Turkey — from the sanctions on importing oil from Iran.

In May, US President Donald Trump announced that the United States would withdraw from the Iran nuclear agreement, officially known as the Joint Comprehensive Plan of Action, and reimpose sanctions against Tehran that were previously lifted under the accord, including secondary restrictions.

The first round of the US sanctions was reimposed in August, while the second round, targeting over 700 Iranian individuals, entities, banks, aircraft and vessels, came into force this week.

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