US expands sanctions on Iran, blacklists firms and persons

July 12, 2012 22:18

WASHINGTON - The United States ratcheted up its sanctions against Iran on Thursday, blacklisting a number of firms and individuals for contributing to what it says is an effort to acquire nuclear weapons.

The US Treasury said it was also identifying a number of "front companies and banks" linked to nuclear proliferation, an attempt to make it harder to evade existing sanctions.

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