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US hits Iran’s entire financial sector with sanctions
[IsraelTimes] Move introduces penalties for non-Iranian institutions that work with banks in the Islamic Theocratic Republic, effectively cutting them off from the international financial system. The Trump administration has blacklisted virtually all of Iran’s financial sector, dealing another blow to an economy that is already reeling under US sanctions. The move will deepen tensions with European nations and others over Iran. Thursday’s move hits 18 Iranian banks that had thus far escaped the bulk of re-imposed US sanctions and, more importantly, subjects foreign, non-Iranian financial institutions to penalties for doing business with them. Thus, it effectively cuts them off from the international financial system. Posted by: trailing wife 2020-10-09 |
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