The sanctions will penalise foreign banks trading with Iranian ones
Radio Farda: Washington Blacklists Iran's Entire Financial Sector
Washington has blacklisted virtually all of Iran’s financial sector, striking an economy already hit hard by U.S. sanctions.
The move on October 8 blacklists 18 Iranian banks that had, so far, escaped most of the U.S. sanctions reimposed by Donald Trump's administration since the president pulled the United States out of a 2015 nuclear pact between Tehran and world powers.
Critically, the move subjects foreign, non-Iranian financial institutions to penalties for doing business with the blacklisted Iranian entities -- effectively cutting off Iran from the international financial system.
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WNU Editor: This is going to hurt.
More News On The US Sanctioning Iran’s Entire Financial Sector
U.S. Issues Additional Sanctions Against Iranian Banks -- New York Times
US sanctions Iran’s entire financial sector -- Al Jazeera
US government sanctions 18 Iranian banks -- Al-Monitor
US imposes sanctions on Iran in defiance of European humanitarian concerns -- Middle East Monitor
2 comments:
It will hurt if #1, DJT gets reelected and #2, our economy and the dollar don't continue weakening.
Trump wields the hammer! Trumpslide 2020!!!!
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