Monday, February 6, 2012

Obama Freezes Iranian Government, Central Bank Assets in U.S.

President Barack Obama ordered a freeze on all Iranian government and central bank assets held in the U.S. or any foreign branch of a U.S. entity, the White House announced today. - Newsmax

Previously, only assets belonging to sanctioned Iranian entities or individuals were frozen. The order signed by the president yesterday blocks all property and interests in property belonging to the Iranian government, its central bank, and all Iranian financial institutions, even those that haven’t been specifically designated for sanctions by the U.S. Treasury.