Sanctions on 18 banks in Iran, USA October 9 17:48
The Trump administration in the United States has announced that it will impose financial sanctions on 18 Iranian banks to cut off funding for Iran's support for terrorism and nuclear development.
It seems that the aim is to keep Iran out of the international financial system, and the pressure on Iran has increased further ahead of the presidential election next month.
The U.S. Treasury issued a statement yesterday, stating that it would impose sanctions on 18 Iranian banks to cut off funding for Iran's support for terrorism and nuclear development.
Sanctions freeze assets in the United States and ban transactions with Americans.
The Ministry of Finance has also warned that foreign financial institutions that do business with these banks may also be subject to sanctions, which seems to be aimed at keeping Iran out of the international financial system.
Treasury Secretary Steven Mnuchin said in a statement that "US sanctions will continue until Iran ceases to support terrorist activities and stop developing nuclear weapons," and is poised to continue sanctions.
The Trump administration has unilaterally declared last month that UN sanctions have been revived, including the continuation of an arms embargo on Iran, and has made clear its strong stance toward Iran ahead of next month's presidential election. It is a form that further strengthened the pressure on Iran through such sanctions.