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(New York Times) Pranshu Verma - The U.S. on Thursday imposed a new round of economic sanctions against Iran's financial sector, imposing penalties against 18 Iranian banks. The action could effectively lock Iran out of the global financial system. "Our maximum economic pressure campaign will continue until Iran is willing to conclude a comprehensive negotiation that addresses the regime's malign behavior," said Secretary of State Mike Pompeo. "Our sanctions are directed at the regime and its corrupt officials that have used the wealth of the Iranian people to fuel a radical, revolutionary cause that has brought untold suffering across the Middle East and beyond." Treasury Secretary Steven Mnuchin said the sanctions would "continue to allow for humanitarian transactions to support the Iranian people." 2020-10-12 00:00:00Full Article
U.S. Imposes New Sanctions on Iran's Financial Sector
(New York Times) Pranshu Verma - The U.S. on Thursday imposed a new round of economic sanctions against Iran's financial sector, imposing penalties against 18 Iranian banks. The action could effectively lock Iran out of the global financial system. "Our maximum economic pressure campaign will continue until Iran is willing to conclude a comprehensive negotiation that addresses the regime's malign behavior," said Secretary of State Mike Pompeo. "Our sanctions are directed at the regime and its corrupt officials that have used the wealth of the Iranian people to fuel a radical, revolutionary cause that has brought untold suffering across the Middle East and beyond." Treasury Secretary Steven Mnuchin said the sanctions would "continue to allow for humanitarian transactions to support the Iranian people." 2020-10-12 00:00:00Full Article
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