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دايلي بيروت
Turkish Golden Global responds to US sanctions
The US Department of the Treasury imposed sanctions on a small Turkish investment bank and two of its affiliated companies as part of the Trump administration's efforts to exert economic pressure on Iran. The targeted entities—Golden Global Asset Management Company, Golden Global Limited Leasing, and Golden Global Investment Bank—were disconnected from the U.S. financial system, and licenses were issued to gradually reduce dealings with them. The department stated that the Golden Global group aimed to enable Iran's shadow banking network to transfer oil revenues through Turkey, and was linked to operations with the Quds Force and its proxy in Iran, as part of a pressure campaign intended to force Tehran back to negotiations. Additional weekly sanctions on banks are expected to be imposed as part of this campaign.
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