BREAKING NEWS

Russia says new US sanctions on Iran unacceptable

By REUTERS

NOVEMBER 22, 2011 08:20

MOSCOW - Russia's Foreign Ministry denounced new US sanctions against Iran on Tuesday as "unacceptable and contradictory to international law," Interfax news agency reported.

The United States, worried by Tehran's nuclear program, named Iran on Monday as an area of "primary money laundering concern" in a step designed to dissuade non-US banks from dealing with it.

It also blacklisted 11 entities suspected of aiding its nuclear programs and expanded sanctions to target companies that aid its oil and petrochemical industries.

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