WASHINGTON: President Donald Trump on Monday announced that the United States is designating Iran’s elite military force, the Islamic Revolutionary Guard Corps (IRGC), a terrorist organisation. Soon after Washington declared the elite unit a terrorist group, US Secretary of State Mike Pompeo warned all banks and business of consequences to dealing with Iran’s Revolutionary Guards. It is the first time that the US has designated a part of another country as a terrorist organisation. The designation imposes sanctions that include freezes on assets the Islamic Revolutionary Guard Corps may have in US jurisdictions and a ban on Americans doing business with it. That could include European and Asian companies and business people who deal with the Guard’s many affiliates.

Source: Pakistan Today April 08, 2019 14:48 UTC