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U.S. Treasury Acts Against UAE and Turkey Banks Supporting Mahan Air
The U.S. Treasury Department announced the initiation of strict measures against banks in the UAE and Turkey that support Iran's Mahan Air airline company, aiming to impose greater oversight on its funding and financial facilities, which are considered part of the sanctions imposed on Iran. This came after a Treasury meeting with global financial institutions to reinforce the enforcement of sanctions on Tehran, accompanied by sanctions imposed on a Russian bank for helping Iran evade these restrictions. American authorities also emphasized that these actions are part of their efforts to regulate the flow of funds supporting Iran's activities and to limit the impact of international sanctions on the country.
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