United States imposes sanctions on Iran central bank governor

BREAKING: US sanctions Iran bank chief as a 'global terrorist' who funnels millions to Hezbollah

Seif is also under attack inside Iran.

The United States on Tuesday imposed sanctions on Iran's central bank governor and an Iraq-based bank for "moving millions of dollars" for Iran's elite Revolutionary Guard, as Washington seeks to cut off funding it says Tehran is using to fund militant activities overseas.

The Treasury said that Seif undermined the central bank's credibility by routing millions of dollars from the Quds Force, the expeditionary unit of Iran's hardline Revolutionary Guards, to al-Bilad Islamic Bank.

"The United States will withdraw from the Iran nuclear deal", Trump said, calling the deal "defective at its core" and a "disastrous deal" that gave the Iranian "regime of great terror" billions of dollars.

Tuesday's action seeks to cut off what the U.S. called a "critical" banking network for Iran and deny those blacklisted access to the global financial system.

The U.S. sanctions got here as Iranian International Minister Mohammad Javad Zarif was assembly in Brussels with the highest French, British and German diplomats because the Europeans search to maintain Iran from bailing on the nuclear deal.

The Trump administration designated the head of Iran's central bank a terrorist Tuesday, slapping on sanctions meant to further isolate Iran from the global financial system.

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Since leaving the deal, the Trump administration's plan has been to reimpose the sanctions lifted under the deal while also imposing secondary sanctions against countries that choose to trade with Iran.

President Trump just last week announced that the us was withdrawing from the "defective" Iran nuclear deal and imposing the "highest level" economic sanctions on the country. That signifies that anybody, in any nation, who does enterprise with Seif or Tarzali might themselves be punished with sanctions, reducing them off from the US monetary system.

Though the sanctions don't technically lengthen to the central financial institution itself, they might considerably improve Iran's isolation from the worldwide monetary system.

On Thursday, the Treasury announced sanctions against a "large-scale" currency exchange network serving the Revolutionary Guards, hitting six individuals and three companies at the centre of the network.

At the time, the U.S. singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.

Trump had threatened for more than a year to abandon the deal. These funds had been then used to "enrich and help the violent and radical agenda of Hezbollah", Treasury mentioned. Hezbollah fought a war with Israel in 2006, and Israeli officials have been deeply concerned about the prospect of another confrontation.

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