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US Announces New Sanctions Against Iranian Military, Banks

By VOA News

The United States is imposing new sanctions against Iran's military, three state-owned banks and more than 20 individuals accused of supporting terrorist activities in the Middle East.

U.S. Secretary of State Condoleezza Rice and Treasury Secretary Henry Paulson announced the decision in Washington, Thursday. They said the sanctions include designating Iran's Revolutionary Guard Corps as a proliferator of weapons of mass destruction and the elite al-Quds force as a supporter of terrorism.

The sanctions forbid any U.S. citizen or private organization from engaging in financial transactions with the Iranian institutions or individuals named.

Rice said the United States is committed to a diplomatic resolution with Iran, but warned the U.S. would act with the international community if Tehran continues down what she called "a path of confrontation."

On Wednesday, Secretary Rice said the Iranian government is pursuing policies that are detrimental to the long-term interest of the Iranian people, Iran's neighbors and the region. In her testimony to a U.S. Congressional panel, Rice described Iran's activities as perhaps "the single greatest challenge" to U.S. security interests.

The United States accuses Iran of seeking nuclear weapons and supporting militant groups, like Lebanon's Hezbollah and Iraq's Shi'ite insurgents who attack U.S. troops. Iran denies the charges.

Some information for this report was provided by AFP and AP.

... Payvand News - 10/25/07 ... --

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