The United States has imposed sanctions on 10 individuals and 27 firms for laundering funds in favor of Iran.

Washington authorities announced the imposition of sanctions against a network of 10 individuals and 27 legal entities, whose members allegedly engaged in money laundering in favor of the Iranian leadership. This was reported on June 6 on the website of the US State Department.

The press service said in a statement that the individuals and firms targeted by the restrictions participated in a sophisticated scheme through which they managed to launder several billion dollars. She worked by "selling oil and other goods", bypassing US sanctions.

"The network has laundered billions of dollars through Iranian exchange offices and foreign shell companies," the statement said.

According to the Office of Foreign Assets Control of the US Treasury, nine Iranian citizens and one Chinese citizen were sanctioned. The restrictive measures also apply to 27 companies, of which 17 are based in Hong Kong, five in the UAE and the same number in Iran.

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On June 2, Iranian Foreign Ministry spokesman Ismail Bagai said that the lifting of US sanctions against Iran is a "fundamental element" of cooperation between the two countries. Bagai also commented on the attempt of the US Congress to adopt a resolution on the imposition of sanctions against Iran, calling it a "clear contradiction."

On the same day, The Wall Street Journal reported that US President Donald Trump's policy of exerting "maximum pressure" on Iran had been suspended. It was noted that the new policy is aimed at analyzing potential restrictions against Tehran "in the light of sensitive nuclear negotiations."