President Barack Obama says his executive order targeting evaders of sanctions against Syria and Iran allows the treasury to cut them out of U.S. markets. In a letter to House Speaker John Boehner, R-Ohio, the president said evasion is cutting into the effectiveness of sanctions imposed by previous executive orders going back to 1994. "I have determined that efforts by foreign persons to engage in activities intended to evade U.S. economic and financial sanctions with respect to Iran and Syria undermine our efforts to address the national emergencies described above," Obama said. "To address this situation, the order takes additional steps with respect to those national emergencies." Individuals identified by the treasury secretary would be barred from doing business in or with the United States and from entering the country, the president said. "The foreign sanctions evaders [executive order] provides treasury additional means to impose serious consequences on foreign persons who seek to evade our sanctions and undermine international efforts to bring pressure to bear on the Iranian and Syrian regimes. Whoever tries to evade our sanctions does so at the expense of the people of Syria and Iran, and they will be held accountable," said Under Secretary for Terrorism and Financial Intelligence David S. Cohen. The tightened sanctions would also help Americans from unwittingly trading with foreign individuals or groups in violation of said sanctions, a release from the U.S. Department of the Treasury said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor