International

Israel slaps sanctions on firms doing business with Iran

The Israeli cabinet today slapped economic sanctions on Iran and on international companies engaging in business with the Islamic Republic.

Among the sanctions is an amendment to the Prohibition on Money Laundering Law that will enable the expansion of oversight and control on elements trading with Iran.

“Amongst other steps this will limit contact between the state and companies that trade with Iran,” according to a statement issued from Prime Minister Benjamin Netanyahu’s office.

“In order to advance the sanctions, the State of Israel will declare Iran and bodies linked to it to be enemy elements,” The Jerusalem Post quoted the statement as saying.

Iran is facing U.N. sanctions over its controversial nuclear programme.

The Western countries suspect the programme is cover for developing a nuclear weapons capability, a charge Iran strongly denies.


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Printable version | Sep 17, 2021 4:30:12 AM | https://www.thehindu.com/news/international/israel-slaps-sanctions-on-firms-doing-business-with-iran/article2136873.ece

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