The US has imposed a new round of sanctions on Iran. The move marks the first set of measures to implement the UN Security Council sanctions on Iran approved last week. Treasury Secretary Timothy Geithner unveiled the new sanctions in Washington.

US Treasury Secretary Timothy Geithner: “We are adding to our list of sanctioned entities a number of institutions and individuals who are helping Iran finance nuclear and missile programs and to evade international sanctions. Our actions today are designed to deter other governments and foreign financial institutions from dealing with these entities and thereby supporting Iran’s illicit activities.”