13:08 GMT +321 November 2018
Listen Live
    Iranian Foreign Ministry

    New US Sanctions Against Iran 'War of Nerves' - Tehran

    © Sputnik / Andrey Stenin
    World
    Get short URL
    308

    The day before, the US Treasury announced that twenty Iranian entities, including four banks, would be targeted by new sanctions.

    The new US sanctions against Iranian companies are psychological warfare, Washington disregards international law, the Iranian Foreign Ministry said.

    "We regard this step as open outrage by the United States against international legal mechanisms that is associated with the blind hatred of the US towards the people of Iran," ministry spokesman Bahram Qassemi said, calling the new sanctions "part of the psychological war and pressure" on Iran by Washington.

    On October 16, the US Treasury Department announced that it had imposed sanctions on 20 entities for allegedly providing support to Iran's Basij Resistance Force.

    The designations target four Iranian banks — Bank Mellat, Sina Bank, Parsian Bank and Mehr Eqtesad Bank — and five investment firms, including the Negin Sahel Royal Company and Mehr Eqtesad Financial Group.

    READ MORE: India, Iran to Speed Up Port Construction Ahead of US Sanctions — Reports

    In May, the United States withdrew from the Iranian nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), and re-imposed sanctions against Tehran and any country doing business with Iranian companies. The first batch of economic restrictions took effect in August and more are expected to come into force in November.

    Related:

    India, Iran to Speed Up Port Construction Ahead of US Sanctions – Reports
    'Secret' Israeli Paper Details Alleged Plan to Save Iran from Sanctions - Report
    Iran Found New Partners for Oil Exports Despite US Sanctions - Vice-President
    Iran Accuses US of Regime Change Attempt, Downplays Effect of Sanctions
    Tags:
    sanctions, Bahram Qassemi, United States, Iran
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik