The Trump administration plans to sanction another bank…
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The Trump administration plans to sanction another bank this week as it seeks to increase economic pressure on Iran, Treasury Secretary Scott Bessent said. 🏦
Bessent did not name the bank, so the proposed measure’s legal scope and immediate effect remain unknown.
The move would extend a campaign focused on financial channels. Restrictions affecting a bank’s access to dollar-based payments can make other institutions more cautious about processing related transactions.
The announcement follows reported U.S. action affecting Banque Misr’s United Arab Emirates operations and comes amid wider U.S.–Iran hostilities and stalled truce talks. ⚖️
Bessent said further bank-related actions could follow. Any completed designation would be announced with its terms by the Treasury Department.
https://nutanica.com/United_States_Department_of_the_Treasury
Bessent did not name the bank, so the proposed measure’s legal scope and immediate effect remain unknown.
The move would extend a campaign focused on financial channels. Restrictions affecting a bank’s access to dollar-based payments can make other institutions more cautious about processing related transactions.
The announcement follows reported U.S. action affecting Banque Misr’s United Arab Emirates operations and comes amid wider U.S.–Iran hostilities and stalled truce talks. ⚖️
Bessent said further bank-related actions could follow. Any completed designation would be announced with its terms by the Treasury Department.
https://nutanica.com/United_States_Department_of_the_Treasury
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