Major Bank to Face U.S. Sanctions Monday
The U.S. Department of the Treasury announced that the United States will impose sanctions on a major bank next week, without revealing its name or the country it belongs to, in honor of the victims of the September 11 attacks. This comes as part of a series of economic measures that include sanctions against branches of foreign banks involved in financing Iran, including a Turkish bank that is considered one of the largest banks and is accused of providing Iranian financing. The recent actions also involve expanding sanctions to include companies and individuals dealing with Iran in the shipping and technology sectors, as part of Washington’s efforts to pressure Tehran.
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