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Iran sanctions: US moves to isolate 'major' banks
Source: BBC
Iran sanctions: US moves to isolate 'major' banks
9 October 2020
The Trump administration has imposed sanctions on 18 "major" Iranian banks in one of the most extensive such moves by Washington against Tehran in months.
The order will also penalise non-Iranian institutions trading with them, effectively cutting the banks off from the international financial system.
The US says it is seeking to choke off Iran's access to funds to pursue what it regards as aggressive activities.
Iran's UN ambassador accused the US of committing "economic terrorism".
The latest punitive measure comes weeks after the US declared the return - or "snapback" - of UN sanctions on Iran that were lifted under a 2015 international deal over Iran's nuclear programme, accusing Tehran of having breached that agreement.
-snip-
9 October 2020
The Trump administration has imposed sanctions on 18 "major" Iranian banks in one of the most extensive such moves by Washington against Tehran in months.
The order will also penalise non-Iranian institutions trading with them, effectively cutting the banks off from the international financial system.
The US says it is seeking to choke off Iran's access to funds to pursue what it regards as aggressive activities.
Iran's UN ambassador accused the US of committing "economic terrorism".
The latest punitive measure comes weeks after the US declared the return - or "snapback" - of UN sanctions on Iran that were lifted under a 2015 international deal over Iran's nuclear programme, accusing Tehran of having breached that agreement.
-snip-
Read more: https://www.bbc.com/news/world-middle-east-54476894
