Further Sanctions on Iran, Thursday December 13

US sanctions target uranium enrichment

~Kaiya McCormick

The article is no longer accessible via this link so I have copied and pasted it below

U.S Adds on to Iran Sanctions

By JEFFREY SPARSHOTT

WASHINGTON—The U.S. imposed new sanctions on Iran on Thursday as it sought to step up pressure on the country's nuclear program.

The U.S. Treasury Department targeted seven companies and five individuals with ties to Iran's uranium-enrichment program.

"So long as Iran continues to pursue a nuclear program in defiance of multiple U.N. Security Council resolutions, the U.S. will target those involved in Iran's illicit enrichment activities," said the U.S. Treasury Department's undersecretary for terrorism and financial intelligence, David Cohen.

The sanctions freeze assets under U.S. jurisdiction and prohibit any transactions. Foreign banks could be cut off from the U.S. financial system if they facilitate transactions for the sanctioned groups or individuals.

Write to Jeffrey Sparshott at jeffrey.sparshott@dowjones.com