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US Sanctions on Iran Explained
The United States has confirmed the expansion of sanctions on Iran to include five new sectors: digital assets, technology, gold, aviation, and shipping, in order to counter Iran's economic and military activities. The measures involve imposing restrictions on approximately 60 individuals, entities, and companies linked to oil networks, finance, and military operations, with a focus on targeting oil transfer networks and sensitive technologies. Additionally, efforts are underway to track circumvention of sanctions via cryptocurrencies and companies supporting Iran’s nuclear and missile programs. These sanctions are part of a campaign known as "Operation Economic Outlaw," which escalates pressure on Iranian institutions, accompanied by warnings against dealing with the Iranian regime or attempting to evade sanctions. It has been emphasized that the US financial system will not abstain from targeting those who engage with Iran in these new sectors.
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