U.S. imposes new sanctions targeting Iran-related individuals and entities

The U.S. Department of the Treasury announced a new round of Iran-related sanctions on Thursday, targeting 16 individuals and 11 entities.

According to the Treasury's Office of Foreign Assets Control, the measures cover financial institutions, currency exchange firms, as well as energy and trading companies.

The individuals and entities were added to OFAC's Specially Designated Nationals and Blocked Persons List.

At the same time, OFAC issued a general license authorizing the wind-down of transactions involving the International Development Bank for Investment and Finance.

The license, signed by OFAC Director Bradley T. Smith, sets out provisions for completing relevant transactions involving the institution.

According to CCTV+, the measures represent another expansion of U.S. sanctions targeting Iran-related individuals and companies.