Admin I Thursday, July 10, 2025
WASHINGTON – The United States of America has imposed unprecedented sanctions on 22 entities with links with the Islamic Revolutionary Guard Corps-Qods Force, IRGC-QF.
In a statement, the Department of State said the 22 entities are involved in illicit oil trade in behalf of the Iranian regime.
“This network has used foreign front companies to transfer funds that sustain the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Tehran’s campaigns of terror, which undermine international peace and security and bolster their ballistic missile programs”, Department Spokesman, Tammy Bruce said.
According to him, Iran uses front companies based in Hong Kong, United Arab Emirates, and Türkiye as part of this network to help sanctioned Iranian government entities generate revenue from the sale of petroleum and other commodities subject to U.S. sanctions.
“This action against Iran’s shadow banking network builds upon previous sanctions to implement National Security Presidential Memorandum-2 on February 4″, the department said, adding that the United States will continue to deny Iran access to financial networks and the global banking system as long as Iran continues its destabilizing activities.
” We will promote accountability for those who seek to undermine international peace and security.
“Today’s action is being taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, as amended”, the department said.
