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Washington targets Iranian financier Babak Zanjani

Washington targets Iranian financier Babak Zanjani

The United States has imposed new sanctions on the Iranian financial network linked to Abad Zanjani, as part of an effort to escalate economic pressure on Iran. The sanctions target four individuals and nine entities, including digital exchange companies and executive directors, aiming to cut off access to economic resources for supporters of the Iranian regime. It is worth noting that Zanjani, who was sentenced to death in Iran on charges of corruption in 2016 and whose sentence was reduced in 2024, has since been supporting economic projects connected to the regime, while establishing an extensive network of infrastructure projects and digital assets. These sanctions are part of American efforts to increase economic pressure, following a previous package announced by the Trump administration that targeted the network, and to reaffirm the ongoing enforcement of sanctions with the goal of pushing Iran back to the negotiating table.

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