Increasing Sanctions Against Iranian Nuclear Proliferation Networks Joint Treasury and State Department Actions Target Iran’s Nuclear Enrichment and Proliferation Program

Press Statement
Victoria Nuland
Department Spokesperson
Office of the Spokesperson
Washington, DC
December 13, 2012

Today the Secretaries of State and Treasury have imposed sanctions on seven Iranian private sector companies and five individuals for proliferating weapons of mass destruction pursuant to Executive Order (E.O.) 13382. These entities and individuals were designated because they provide the Iranian government goods, technology and services that increase Iran’s ability to enrich uranium and/or construct a heavy water moderated research reactor, both of which are activities prohibited by UN Security Council Resolutions. These designations generally prohibit transactions between the named entities and any U.S. person and freeze any assets the designees may have under U.S. jurisdiction. Given Iran’s continued intransigence on its nuclear program, most recently demonstrated at the IAEA Board of Governors meeting, it is essential to act to restrain continued Iranian violations.

The designations of these entities and individuals pursuant to E.O. 13382, an executive authority for sanctioning entities for the proliferation of weapons of mass destruction and their supporters, carry consequences under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA). Foreign financial institutions that facilitate significant transactions to or from the sanctioned entities and individuals are exposed to potential loss of access to the U.S. financial sector. We hope those financial institutions will act in a manner that preserves their access to the U.S. financial system by cutting financial ties to these nuclear support companies. MORE

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