Iran rejects US sanctions as 'psychological warfare'

Economy Minister says policies are a "propaganda tool" by US gov't trying to "impose its arrogant will" on Iran.

By REUTERS
May 18, 2011 15:02
1 minute read.
Iranian Flag

Iranian Flag (R)_311. (photo credit: Reuters)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

TEHRAN - Iran accused Washington of engaging in "psychological warfare" after the US Treasury added an Iranian state bank to its list of blacklisted companies, semi-official news agency ISNA reported on Wednesday.

The United States on Tuesday blacklisted Iran's Bank of Industry and Mine saying it was taking part in an increasingly sophisticated government campaign to evade international sanctions.

Be the first to know - Join our Facebook page.


"Americans try to exaggerate by using media as a propaganda tool ... It is just psychological warfare and the media should not pay attention to such things," Iran's Economy Minister Shamseddin Hosseini was quoted as saying by ISNA.

"Since the victory of the 1979 Islamic revolution, all the US governments tried to impose their arrogant wills through various means, but they all failed," he added.

The US Treasury said it labeled the Bank of Industry and Mine as a proliferator of weapons of mass destruction for handling transactions on behalf of two previously sanctioned institutions, Bank Mellat and Europaeisch-Iranische Handelsbank.

It was the 21st Iranian state bank added to the US blacklist.

The UN Security Council has imposed sanctions on Tehran for refusing to freeze its uranium enrichment program, which Western powers suspect is aimed at producing a nuclear weapon.



Iran denies the allegation and says its nuclear program is for peaceful energy needs.

The Treasury said it had evidence the Bank of Industry and Mine was shuttling funds between Bank Mellat and Europaeisch-Iranische Handelsbank (EIH), an Iranian state-owned trade bank based in Germany, to try to conceal Bank Mellat's involvement in international payments.

Washington first imposed sanctions on Bank Mellat in 2007, accusing it of helping to finance Iran's nuclear activities.

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB