The United States has warned foreign financial institutions that if they conducted any business with Iran or its banking sector they could be sanctioned by Washington, AFP reports.
“Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such activity and relationships,” the US Treasury said in an “alert” statement.
The US Treasury has also announced a slew of new sanctions as part of that push, targeting Iran’s financial, cryptocurrency, rail, automotive and manufacturing sectors.
It has also taken action against two banks — one in the United Arab Emirates and another in Turkiye — over their alleged aid to the authorities in Tehran.
