Australia is imposing sanctions on a handful of US companies doing business with the Islamic Republic of Iran, after US President Donald Trump signed an executive order that effectively banned the countries from doing business.
The move, which will be formally unveiled Wednesday, will have a direct impact on companies like the ones owned by President Donald J. Trump’s son-in-law and senior adviser Jared Kushner and senior White House adviser Steve Bannon, according to an ABC News analysis of government documents.
The sanctions are part of a broader US-Iranian agreement that will go into effect this month, but the US has also imposed sanctions on the country’s oil minister, which is the Iranian ambassador.
In a statement, the Australian Treasury Department said it had “advised the relevant government authorities of Australia that the US is imposing measures that are expected to have a substantial impact on the activities of those entities and the businesses they operate, and that the Government of Australia will seek to take appropriate steps to protect Australian businesses and the Australian economy from this type of harm”.
It added that the measures would be imposed under the “Sanctions on Transactions Related to Iran Sanctions Act”.
“The Government of Canada has also advised the relevant authorities of Canada of its intention to impose measures pursuant to this Act,” the statement said.
The Trump administration has previously said that the sanctions are aimed at preventing Iran from obtaining a nuclear weapon and has threatened to withdraw from the nuclear accord.
The Iranian Foreign Ministry has said it does not recognize the US decision.