Turkey revokes Iranian bank license after US sanctions
Turkey has revoked the license of Iran's Mellat Bank amid rising American pressures on financial channels connected to Tehran. Turkish authorities did not disclose the direct reasons for the decision or its impact on the bank's operations within the country. This move comes two weeks after Washington imposed sanctions on another Turkish bank linked to the Iranian Revolutionary Guard. This measure is part of an international campaign aimed at economically isolating Iran and reducing its ability to engage with international banking institutions. However, there has been no official announcement of a direct connection between the Turkish decision and the recent U.S. sanctions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)