U.S. Declares War on Russia’s New Middle East Order

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(Photo Credit: U.S. Treasury Department)

 

Treasury Department details how Russian, Iranian companies funneled oil to Syria to fund Hezbollah, Hamas.

This afternoon, the Treasury Department’s Office of Foreign Asset Control laid out an elaborate network through which the Central Bank of Iran funneled cash through Iranian and Russian companies to buy Iranian oil that was then shipped to Syria for the purpose of propping up the Syrian government and the terrorist organizations Hezbollah and Hamas. Continue reading

Iran’s central bank stops US dollar transactions, adopts RMB

Iran’s central bank has announced that it will stop mutual settlements in the US dollar with other countries, with the Chinese yuan or renminbi being named as one of the alternatives. Continue reading

IRGC ‘keeps secret funds in Asia’

An Iranian elite group is suspected of keeping secret funds in various parts of the world including South Korea and Malaysia, dodging internationally coordinated economic sanctions, people familiar with the matter said Sunday.

The United States Treasury Department is believed to be probing details of what it sees as a possible case of money laundering by the Iranian Revolutionary Guard Corps, with a view to sanctioning another of the group’s affiliated companies, they said.

Petrosina Arya, a Tehran-based company under the IRGC, allegedly has savings worth more than US$1 billion in an account at a major South Korean bank, a diplomatic source told Kyodo News. Continue reading