Washington urges banks to cut Iran funding
The U.S. Treasury Department announced the organization of a meeting with global financial institutions aimed at implementing an "economic exclusion process" to cut off the Iranian regime's sources of funding, as part of a campaign to limit its ability to support warfare in the Middle East. The measures included imposing new sanctions on the Russian "VTB" bank and those cooperating with Iran, with the goal of reducing its revenues used to finance missile programs, cyberattacks, and support for the Revolutionary Guards. These steps are part of broader American efforts to economically isolate Iran and curb its military and financial activities.
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