Tags: obama | freeze | iran | assets

Obama Freezes Iranian Government, Central Bank Assets in U.S.

Monday, 06 Feb 2012 01:03 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

President Barack Obama ordered a freeze on all Iranian government and central bank assets held in the U.S. or any foreign branch of a U.S. entity, the White House announced today.

Previously, only assets belonging to sanctioned Iranian entities or individuals were frozen. The order signed by the president yesterday blocks all property and interests in property belonging to the Iranian government, its central bank, and all Iranian financial institutions, even those that haven’t been specifically designated for sanctions by the U.S. Treasury.

Longstanding U.S. regulations already prohibited American citizens or entities from virtually all direct and indirect transactions involving Iran or the government of Iran, aside from those exempted under general licenses for transactions involving food, medicine, remittances and humanitarian relief.

The measure was mandated as part of Iran sanctions legislation that was passed by Congress and signed by the president Dec. 31.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Smith: Coverage for Abortions Exposes Latest ACA 'Big Lie'

Wednesday, 17 Sep 2014 17:14 PM

A government report that health plans sold under Obamacare cover early termination of pregnancies puts the lie to Presid . . .

Rick Perry Demands Mexico Control 'Criminal Element'

Wednesday, 17 Sep 2014 16:53 PM

Texas Gov. Rick Perry has called on Mexican President Pena Nieto to control his country's "criminal element" in a letter . . .

Dick Morris: 'Benghazi Problem' About to Blow Up for Hillary

Wednesday, 17 Sep 2014 16:51 PM

The House Select Committee on Benghazi held its first hearing Wednesday and political analyst Dick Morris tells Newsmax  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved