All sanctions on Iran lifted under the 2015 nuclear deal will be back in force on November 5, the US administration has announced.
The sweeping sanctions will see 700 people blacklisted, the US Treasury has announced. These include persons that were granted relief under the 2015 deal, as well as over 300 new names, Treasury Secretary Steven Mnuchin told reporters.
Sanctions will also target payments through the special mechanism that the EU has been creating specifically to avoid Washington’s penalties and to keep buying Iranian oil.
Mnuchin has also threatened sanctions against the transaction service SWIFT. “SWIFT is no different than any other entity,” Mnuchin told reporters. “We have advised SWIFT that it must disconnect any Iranian financial institutions that we designate as soon as technologically feasible to avoid sanctions exposure.”
Secretary of State Mike Pompeo has confirmed earlier reports that eight nations will receive exemptions from the re-imposed penalties, but refused to name them and said the EU was not among them.
Earlier reports suggested that the list of exemptions would include Japan, India and South Korea.
More details will become available on Monday as the sanctions take effect, Pompeo said.
-RT
