In the statement made by the US Treasury Department, it was reported that, within the scope of “Economic Outrage”, the Office of Foreign Assets Control (OFAC) put 12 individuals and organizations on the sanctions list that allowed the Revolutionary Guard Army to sell and ship Iranian oil to China.
The statement claimed that the Revolutionary Guards Army relied on shell companies in regions with economically flexible regulations in order to hide its role in oil sales and transfer the revenues to Iran, and that these revenues were directed to developing weapons, supporting terrorist forces and financing security forces, instead of supporting the Iranian people.
US Treasury Secretary Scott Bessent, whose evaluations were included in the statement, said, “As the Iranian military tries to recover, ‘Economic Rage’ will continue to cut off the regime’s funding for its weapons programs, terrorist proxies and nuclear targets.” he said
Bessent noted that the US Treasury Department will continue to isolate Iran from the financial networks it uses to “commit acts of terrorism and destabilize the global economy.”
