Bisent Faces U.S. Sanctions

The U.S. Treasury Department announced that Washington will impose sanctions on a major bank, whose name has not been disclosed, next Monday, in honor of the September 11 victims. The reports did not specify the name of the financial institution or the country it belongs to. However, these sanctions come within the context of escalating economic measures against Iran since the start of the Middle East conflict, which have included imposing sanctions on entities and individuals, as well as expanding secondary sanctions on those involved in dealings with Iran. The measures also involve closing bank branches, restricting shipping and technology transactions, increasing economic pressure on Iran, and continuing to impose sanctions on entities that support it.

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