18 Iranian banks in a new cycle of US sanctions



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Today, Thursday, the United States imposed tough new sanctions on the Iranian financial sector, this time against 18 banks, in an attempt to reinforce Iran’s isolation from the global banking system.

The United States Department of the Treasury announced the sanctions on its website and said that it considered the financial sector of the Iranian economy to be subject to Executive Order No. 13902, but indicated that the restrictions do not apply to the allocation of products. agricultural, food, medicine or medical devices.

The ministry found that those involved in certain operations with entities under US sanctions after a 45-day hiatus may be subject to secondary sanctions or compliance measures.

US Treasury Secretary Stephen Manuchin said on Twitter that the sanctions on 18 Iranian banks “underscore our commitment to addressing the illegal acquisition of US dollars,” adding that today’s measures will continue to allow humanitarian operations to support the Iranian people.

Manuchin also stressed that the US sanctions programs will continue until Iran stops supporting “terrorist activities and stops its nuclear programs.”

From Tehran, Iranian Foreign Minister Muhammad Javad Zarif accused Washington of targeting the remaining “channels to pay for food and medicine” in Iran in the face of the Corona virus pandemic, by resorting to these new sanctions announced Thursday.

Zarif said on Twitter: “In light of the Covid-19 pandemic, the American system wants to blow up the remaining channels to pay for food and medicine … but conspiring to starve a people is a crime against humanity.”



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