In what US officials described to be a move coinciding with the anniversary of the 1983 marines bombing in Lebanon next week, the US Treasury announced on Tuesday that it was sanctioning a multi-billion dollar network for Iran’s powerful Basij paramilitary force.
The sanctionstargeted 22 entities including corporations and banks in the Bonyad Taavon Basij network that funds the Basij Resistance Force. Naming Syria as one example of a funder, the Treasury said the Basij "recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region." The Islamic Revolutionary Guards Corps is a branch of Iran's military with Quds Forces forming a special unit.
“In addition to Iranian nationals, the Basij also recruits Afghan immigrants to Iran, including children as young as 14-years-old, to join the Fatemiyoun Brigade, a militia made up of Afghan fighters under the control of the IRGC-QF in Syria,” the statement read.
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Iranians are under no illusions about a regime that has squandered its resources to spread terror
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Some of these Afghan recruits, the Treasury added, “reportedly coerced to fight on the side of the Assad regime in Syria, choose instead to flee to Europe.” The recruits also include “Pakistani nationals to join the Zainabiyoun Brigade, a militia comprised of Pakistani nationals under the control of the IRGC-QF in Syria.”
Among those targeted are Bank Mellat, Mehr Eqtesad Iranian Investment, Mehr Eqtesad Bank, Parsian Bank, Sina Bank, Bahman Group, Tadbirgaran Atiyeh Investment Company, Negin Sahel Royal Company, Mehr Eqtesad Financial Group, and Technotar Engineering Company.
Also on the list are Iran Tractor Manufacturing Co, the Middle East's largest tractor manufacturer, Esfahan's Mobarakeh Steel Co, the largest steelmaker in the Middle East and North Africa region, Iran’s Zinc Mines Development Company (IZMDC).
In a conference call with reporters, a senior US official said the sanctions are part of an economic campaign that the Trump administration is imposing on Iran. They also coincide with the anniversary of the bombing in 1983 in Beirut, the official added.
“Because the economic pain is ratcheting up quite a bit, they aren't feeling that support,” the official said. “We are very interested in increasing the pressure as long as they continue to invest what resources they have in malign activities rather than in the people.
"This Iranian regime is not a normal government … normal governments don't have revolutionary arms that support revolution and wreak havoc with their neighbours. They don't recruit indoctrinate and use child soldiers.”
The Basij was identified by the Treasury as a paramilitary force formed soon after the 1979 revolution, as one of the Iranian regime’s primary enforcers of internal security, and came under the formal authority of the Iran’s revolutionary guard in 2007. It accused of indoctrinating children as young as 12 years old.
American officials said that its actions will target international companies “from Asia to Europe that partner with companies associated with the Basij.”
The new measures are the latest wave of escalatory measures against Iran as the US prepares to snap back its oil-related sanctions on November 4.
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
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First Person
Richard Flanagan
Chatto & Windus
The biog
DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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RuPay process payments between banks and merchants for purchases made with credit or debit cards
It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.
In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments
The name blends two words rupee and payment
Some advantages of the network include lower processing fees and transaction costs
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
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Employees: Five
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Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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