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September 8, 2008 7:19:57 AM CDT

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Rice, Paulson Roll Out New Iran Sanctions

Posted Oct 25, 07 6:45 AM CDT in World,  Politics 

(Newser) – Condoleezza Rice and Hank Paulson will roll out a new package of US sanctions against Iran today, targeting the Revolutionary Guard Corps and its covert foreign-operations wing, the Quds Force, which the US accuses of aiding insurgents in Iraq and elsewhere. It will be the broadest set of punitive measures imposed on Tehran since 1979, the Washington Post reports, and the first time the US has tried to sanction another nation's military.

Officials said the US will freeze assets of banks, companies, officials, and agencies affiliated with the country's weapons programs and support for foreign insurgencies, the Wall Street Journal reports. The Revolutionary Guards control a large section of the economy, including construction, oil, telecommunications, and pharmaceutical companies, and members are in the highest echelons of Iran's government.

Sources Associated Press, Wall Street Journal

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Iranian supreme leader Ayatollah Ali Khamenei, second right, who is also commander in chief of the armed forces, makes his way among army commander Ataollah Salehi, right, Chief of the General Staff of...   (Associated Press)
Secretary of State Condoleezza Rice pauses while testifying on Capitol Hill in Washington, Wednesday, Oct. 24, 2007, beforethe House Foreign Relations Committee hearing regarding U.S. policy in the Middle...   (Associated Press)
Secretary of State Condoleezza Rice is seated on Capitol Hill in Washington, Wednesday, Oct. 24, 2007, after being confronted by a protester prior to testifying before the House Foreign Relations Committee...   (Associated Press)
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Iran  • Bush administration  • Condoleezza Rice  • Iranian Revolutionary Guards  • al Quds Force


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