This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/middle_east/7061991.stm

The article has changed 11 times. There is an RSS feed of changes available.

Version 1 Version 2
US imposes new sanctions on Iran US imposes new sanctions on Iran
(40 minutes later)
The US government has designated an elite unit of Iran's Islamic Revolution Guards Corps a "supporter of terrorism" as part of a new round of sanctions. The US has stepped up its sanctions on Iran for "supporting terrorists" and pursuing nuclear activities.
The Guards have been labelled a "proliferator of weapons of mass destruction", a reference to ballistic missiles they are allegedly developing. US Secretary of State Condoleezza Rice announced penalties targeting Iran's Islamic Revolution Guards Corps and three state-owned banks.
US Secretary of State Condoleezza Rice made the announcement alongside Treasury Secretary Henry Paulson. She said the moves were part of "a comprehensive policy to confront the threatening behaviour of the Iranians".
The classification will allow the US to target the powerful force's finances. The sanctions were backed by Britain, but a top Iranian MP dismissed them as a "strategic mistake".
The Revolutionary Guards were declared a "proliferator of weapons of mass destruction", a reference to ballistic missiles they are allegedly developing, while its elite overseas operations arm, the Quds Force, was singled out as a "supporter of terrorism".
The classification will allow the US to target the Iranian military's finances.
The US has repeatedly accused Iran of destabilising Iraq and Afghanistan, blaming the Revolutionary Guards for supplying and training insurgents.The US has repeatedly accused Iran of destabilising Iraq and Afghanistan, blaming the Revolutionary Guards for supplying and training insurgents.
'Proliferator''Proliferator'
Speaking at news conference in Washington, Ms Rice said the US would designate the Revolutionary Guards a "proliferator of weapons of mass destruction" on account of the ballistic missile programme in which it is allegedly involved. Ms Rice said: "Unfortunately the Iranian government continues to spurn our offer of open negotiations, instead threatening peace and security by pursuing nuclear technologies that can lead to a nuclear weapon, building dangerous ballistic missiles, supporting Shia militants in Iraq and terrorists in Iraq, Afghanistan, Lebanon and the Palestinian territories, and denying the existence of a fellow member of the United Nations, threatening to wipe Israel off the map."
These actions will help to protect the international financial system from the illicit activities of the Iranian government Condoleezza RiceUS Secretary of State
Under Executive Order 13382, US authorities will be able to freeze the assets of, and prohibit any US citizen or organisation from doing business with the Revolutionary Guards.
Iran's ministry of defence, which controls the country's defence industry, three Iranian banks, and several companies owned by the Guards will also be designated.
REVOLUTIONARY GUARDS Officially the Islamic Revolution Guards Corps (IRGC), or PasdaranFormed after 1979 revolutionLoyal to clerics and counter to regular militaryEstimated 125,000 troopsIncludes ground forces, navy, air force, intelligence and special forcesAlso has political influence: dozens of ex-guard sit as MPs Iran President Ahmadinejad is a former member Source: Globalsecurity.org US turns heat up on Iran Timeline: US-Iran relationsREVOLUTIONARY GUARDS Officially the Islamic Revolution Guards Corps (IRGC), or PasdaranFormed after 1979 revolutionLoyal to clerics and counter to regular militaryEstimated 125,000 troopsIncludes ground forces, navy, air force, intelligence and special forcesAlso has political influence: dozens of ex-guard sit as MPs Iran President Ahmadinejad is a former member Source: Globalsecurity.org US turns heat up on Iran Timeline: US-Iran relations
Under Executive Order 13382, the US authorities will be able to freeze the assets of, and prohibit any US citizen or organisation from doing business with the Guards. "These actions will help to protect the international financial system from the illicit activities of the Iranian government," Ms Rice said.
Iran's ministry of defence, which controls the country's defence industry, three Iranian banks and several companies owned by the Guards, will also face sanctions. The Guards' Quds Force will be further targeted under Executive Order 13224, which authorises the US to identify individuals, businesses, charities and extremist groups engaged in terrorism.
The Guards' Quds Force will be designated separately as a "supporter of terrorism" under Executive Order 13224, which authorises the US to identify individuals, businesses, charities and extremist groups engaged in terrorism.
The elite special operations wing of Revolutionary Guards has been accused by US officials of supplying powerful roadside bombs and rocket-propelled grenades to Shia militants in Iraq.The elite special operations wing of Revolutionary Guards has been accused by US officials of supplying powerful roadside bombs and rocket-propelled grenades to Shia militants in Iraq.
Thought to have 15,000 troops, it is responsible for conducting covert missions overseas and for forging relationships with other Shia groups.Thought to have 15,000 troops, it is responsible for conducting covert missions overseas and for forging relationships with other Shia groups.
"The Quds Force controls the policy for Iraq," the top US military commander in Iraq, Gen David Petraeus, said earlier this month. "There should be no confusion about that.""The Quds Force controls the policy for Iraq," the top US military commander in Iraq, Gen David Petraeus, said earlier this month. "There should be no confusion about that."
Dominant forceDominant force
When reports of the designations were first reported in August, Iranian officials condemned them as "worthless resolutions" issued "under baseless pretexts... to damage this holy institution".When reports of the designations were first reported in August, Iranian officials condemned them as "worthless resolutions" issued "under baseless pretexts... to damage this holy institution".
The Revolutionary Guards force was set up shortly after the 1979 Iranian revolution to defend the country's Islamic system, and to provide a counterweight to the regular armed forces.The Revolutionary Guards force was set up shortly after the 1979 Iranian revolution to defend the country's Islamic system, and to provide a counterweight to the regular armed forces.
It has since become the dominant military force in Iran, with past members including President Mahmoud Ahmadinejad and a number of his cabinet ministers.It has since become the dominant military force in Iran, with past members including President Mahmoud Ahmadinejad and a number of his cabinet ministers.
It is estimated to have 125,000 active members, and boasts its own ground forces, navy and air force, and controls Iran's strategic weapons.It is estimated to have 125,000 active members, and boasts its own ground forces, navy and air force, and controls Iran's strategic weapons.
It also controls the paramilitary Basij Resistance Force and the powerful bonyads, or charitable foundations, which run a considerable part of the Iranian economy.It also controls the paramilitary Basij Resistance Force and the powerful bonyads, or charitable foundations, which run a considerable part of the Iranian economy.