The U.S. Treasury Department sanctioned nine targets last week related to an illicit oil network between Iran and Russia.

“We are acting against a complex scheme Iran and Russia have used to bolster the [Bashar] Assad regime and generate funds for Iranian malign activity,” said Treasury Secretary Steven Mnuchin. “Central Bank of Iran officials continue to exploit the international financial system, and in this case even used a company whose name suggests a trade in humanitarian goods as a tool to facilitate financial transfers supporting this oil scheme.

“The United States is committed to imposing a financial toll on Iran, Russia and others for their efforts to solidify Assad’s authoritarian rule, as well as disrupt the Iranian regime’s funding of terrorist organizations,” he added.

Experts said this move was crucial in combating the Iranian threat.

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