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البلاد
US sanctions hit Iranian billionaire Zanganeh
The U.S. Treasury Department has imposed sanctions on nine companies and four individuals linked to Iranian billionaire Babak Zanjani, as part of an escalation against Iran. The sanctions target his financial network, which he used to launder money and secretly transfer funds to benefit the Iranian regime. The measures include companies operating within the "Dot One" conglomerate in Iran, Turkey, and the UAE, with the aim of dismantling his network and preventing international institutions from dealing with him—especially as the Iranian currency continues to decline and inflation, which has surpassed 60%, remains high. This comes after Iranian attacks on ships in the Strait of Hormuz. Zanjani is considered one of the most prominent figures evading sanctions and supports government projects and digital assets used for laundering funds for the Revolutionary Guards.
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