The Cabinet of Prime Minister Benjamin Netanyahu has approved a decision to expand Israeli economic sanctions
against Iran. Officials said the sanctions would include tightened
restrictions on money-laundering and trading with Teheran.
The Cabinet has decided that Israel would formally declare Iran an enemy.
Officials said the government would establish a directorate that would
coordinate data and legislation to enforce sanctions.
"These steps include a series of administrative and regulatory measures
that will place Israel at the international forefront regarding the
imposition of sanctions on Iran," a government statement said. "These steps
will be advanced in the coming days by the various relevant ministries."
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In a statement on June 26, Netanyahu did not cite the reason for the expanded sanctions.
the United States sanctioned an Israeli company accused of leasing ships for
Iran, Middle East Newsline reported.
"Among the sanctions is an amendment to the Prohibition on Money
Laundering Law that will enable the expansion of oversight and control
vis-a-vis elements trading with Iran," the statement said. "It was also
determined that state contact with companies that trade with Iran will be
restricted," Netanyahu said.
"These recommendations ensure that Israel will stand alongside other
countries at the forefront of sanctions against Iran, in order to cause the
Iranian regime to abandon its plans to develop nuclear weapons."