United States eased financial sanctions against Iran

USA eased sanctions against Iran, making it easier for foreign companies doing business with the country, reports the Associated Press.

The U.S. Treasury Department published new guidance for businesses. So, previously banned dollar transactions with Iran through an offshore banking system, steel is allowed, provided that they are not associated with the financial system of the United States.

In addition, the U.S. authorize transactions with Iranian firms, the owners of which imposed personal sanctions.

Despite the fact that Iran began a nuclear program, the U.S. retains sanctions on Iran, and the specific Iranian companies and individuals for a number of reasons, writes AP. In particular, the sanctions associated with the development of ballistic missiles in Iran, statements by human rights activists and Iranian support for the groups that the U.S. recognized terrorist organizations.