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US Treasury sanctions Turkish firms over Iran
The U.S. Department of the Treasury announced new sanctions against three entities based in Turkey: Golden Global Asset Management Company, Golden Global Limited Leasing Company, and Golden Global Investment Bank. These sanctions are part of the economic pressure campaign on Iran and will lead to the gradual cessation of transactions with the targeted entities. This move is part of the Trump administration's efforts to force Tehran back to negotiations. The action reflects an escalation in the United States’ sanctions against Iran, with expectations of imposing weekly secondary sanctions, particularly on banks, after six months of increased escalation.
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