The U.S. Treasury imposes new sanctions related to Iran, targeting 16 individuals and 10 entities.

U.S. Treasury Imposes New Sanctions Linked to Iran

The U.S. Department of the Treasury has announced a new package of sanctions related to Iran, targeting 16 individuals and 10 entities. This move aims to intensify economic and financial pressure on Tehran, limiting its access to financial resources and banking channels.

Targeting Financial Institutions

The Treasury Department has included the International Bank for Development and Investment in Iraq on its sanctions list. The department noted the bank’s connections to Iranian government entities and militias loyal to Tehran. Additionally, the bank reportedly uses Iranian capital and transfers profits in U.S. dollars back to Iran.

Objectives of the Sanctions

The Treasury confirmed that these sanctions focus on pursuing individuals and entities accused of facilitating financial transactions linked to Iran. The goal is to dry up the funding sources that the Iranian regime relies on.

Continued Economic Pressure

U.S. Treasury Secretary Scott P. Biesen emphasized that the United States will maintain its economic pressure on Iran. He reiterated the commitment to targeting the financial resources and channels that allow Tehran to obtain funding and foreign currency.

Broader U.S. Policy

These actions form part of a broader U.S. policy aimed at tightening the economic noose around Iran. The U.S. seeks to disrupt cross-border financial networks that it claims are used to support Iranian activities.

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