8 Hrs
Source:
وكالة بغداد اليوم الاخبارية
US Treasury sanctions International Development Bank
The U.S. Treasury Department has imposed sanctions on the Iraqi Development Bank due to its facilitation of dollar access to Iran and its violation of the U.S. sanctions imposed on Iran. The report indicated that the bank contributed to financing the Iranian government and armed factions within Iraq by delivering dollars and funding investment projects that resulted in profits transferred to Iran monthly. It was also revealed that the current management of the bank is connected to a figure linked to the Iranian Quds Force and uses its family influence to affect the bank's actions. These sanctions suggest that such activities constitute a breach of U.S. sanctions and encourage the financing of terrorism.
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