Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
1-min read

Iran's Central Bank Says New Sanctions Show US has No 'Leverage'

'The US adminstration sanctioning the central bank again shows how empty their hands are in finding leverage against Iran,' central bank governor Abdolnaser Hemmati as saying on Friday.

AFP

Updated:September 21, 2019, 8:40 AM IST
facebookTwitterskypewhatsapp
Iran's Central Bank Says New Sanctions Show US has No 'Leverage'
Image for representation.

Tehran: Iran's central bank governor has said that new US sanctions against the lender are a symptom of Washington's inability to exert "leverage", state news agency IRNA reported.

"The US adminstration sanctioning the central bank again shows how empty their hands are in finding leverage against Iran," IRNA quoted central bank governor Abdolnaser Hemmati as saying on Friday.

Washington has imposed a series of sanctions against Tehran since unilaterally pulling out of a multilateral nuclear deal in May last year.

US President Donald Trump announced new sanctions on Iran's central bank on Friday, calling the measures the toughest ever imposed on another country by Washington.

Hemmati contended that if US sanctions were effective, Iran's "economic condition would have been very different from what it is now."

The Trump adminstration had vowed a response after US officials blamed Iran for attacks that took place last weekend on Saudi Arabia's oil infrastructure - an accusation denied by Tehran.

Yemen's Iran-backed Huthi rebels have claimed responsibility for those attacks, which hit the Khurais oilfield and the world's largest oil processing facility at Abqaiq.

The United States already maintains sweeping sanctions on Iran including on its central bank, but Friday's designation is over the lender's work in funding "terrorism," according to the US Treasury.

The "action targets a crucial funding mechanism that the Iranian regime uses to support its terrorist network, including the Qods Force, Hezbollah and other militants that spread terror and destabilize the region," said US Treasury Secretary Steven Mnuchin in a statement.

The Qods Force conducts international operations for Iran's elite Revolutionary Guards, while Hezbollah is a powerful Shiite movement in Lebanon.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results