WASHINGTON: The US ramped up its sanctions against Iran on Tuesday, designating four people and two companies it says were “involved in malicious cyber activity” on behalf of the country’s military.
“These actors targeted more than a dozen US companies and government entities through cyber operations, including spear phishing and malware attacks,” the US Treasury Department said in a statement.
The individuals and companies were working “on behalf of” Iran’s Islamic Revolutionary Guard Corps Cyber Electronic Command (IRGC-CEC), the Treasury said.
“Iranian malicious cyber actors continue to target US companies and government entities in a coordinated, multi-pronged campaign intended to destabilize our critical infrastructure and cause harm to our citizens,” the Treasury’s undersecretary for terrorism and financial intelligence Brian Nelson said in a statement.
“The United States will continue to leverage our whole-of-government approach to expose and disrupt these networks’ operations,” he added.
Tuesday’s sanctions are the latest to be levied against Tehran by the United States and its allies for supporting anti-Israel proxies in the Middle East and for providing military support for Russia’s war in Ukraine.
Last week, the US and Britain announced widespread sanctions against Iran’s military drone program in response to Tehran’s large-scale attack against Israel earlier this month.
That attack came in response to an April 1 air strike on the Iranian consulate in Damascus — widely blamed on Israel — that killed seven members of the Islamic Revolutionary Guard Corps, including two generals.
A day after those sanctions were unveiled, the US fined a Thailand-based firm $20 million for more than 450 possible Iran sanctions violations.
They included processing close to $300 million in wire transfers for a company jointly owned by the National Petroleum Company of Iran.
Alongside the Tuesday’s sanctions, the US Department of Justice and the Federal Bureau of Investigation (FBI) have also indicted the four individuals in question, “for their roles in cyber activity targeting US entities,” the Treasury Department said.
US sanctions four over ‘malicious cyber activity’ for Iran’s military
https://arab.news/8u6ku
US sanctions four over ‘malicious cyber activity’ for Iran’s military
- The individuals and companies were working “on behalf of” Iran’s Islamic Revolutionary Guard Corps Cyber Electronic Command (IRGC-CEC), the Treasury said
- Tuesday’s sanctions are the latest to be levied against Tehran by the United States
Turkiye to forge on with tight economic policy, some fine-tuning, VP Yilmaz says
- The central bank forecasts inflation between 13-19 percent by end-2026
ISTANBUL: Turkiye is committed to carrying on its tight economic policies in order to cool inflation, and though it may fine-tune the program it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday.
“There is no plan to pause our program,” Yilmaz said at a briefing with reporters in Istanbul on Thursday. “All programs are dynamic, and adjustments can always be made.”
Yilmaz, who plays a key role overseeing economic policy at the presidency, said any such adjustments would aim to support production, investment and exports while moderating consumption.
Turkiye has pursued tight monetary and fiscal policies for more than two years in order to reduce price pressure, leading to high financing and borrowing costs that have weighed on businesses and households. Inflation has eased slowly but steadily over the last year but remains elevated at 31 percent annually.
Last month, Is Bank CEO Hakan Aran warned that focusing solely on one target — inflation — could create side effects, suggesting a “pause and restart” might be healthy once the program achieves certain targets.
Yılmaz said the government expects improvements in inflation in the first quarter, which should reflect to market expectations for year-end inflation around 23 percent. The government projects inflation to dip as far as 16 percent by year end, within a 13-19 percent range, and falling to 9 percent in 2027. The central bank forecasts inflation between 13-19 percent by end-2026.
Yilmaz noted inflation fell by nearly 45 points despite pressure from elevated food prices, hit by agricultural frost and drought.
The agricultural sector is expected to support growth and help ease price rises this year, which could help achieve official inflation targets, he said.
Yilmaz said the government wants to avoid a rapid drop in inflation that could hurt economic growth, jobs and social stability.
Turkiye’s economic program was established in 2023 after years of unorthodox easy money that aimed to stoke growth but that sent inflation soaring and the lira plunging. The program aims to dislodge high inflation expectations while boosting production and exports, in order to address long-standing current account deficits.
The central bank, having raised interest rates as high as 50 percent in 2024, eased policy through most of last year, bringing the key rate down to 38 percent.
Asked whether lower rates could trigger an exit from the lira currency, Yilmaz said: “What matters is real interest rates. Lowering rates as inflation falls does not affect real rates, so we do not expect such an impact.”
He added that the government will strengthen mechanisms that selectively support companies while improving overall financial conditions.
