US imposes sanctions on Iranian banks

Published October 8, 2020 8:35pm ET



The Treasury Department announced sanctions on 18 Iranian banks Thursday as part of the United States’s “commitment to stop illicit access to U.S. dollars,” Treasury Secretary Steven Mnuchin said.

“Our sanctions programs will continue until Iran stops its support of terrorist activities and ends its nuclear programs. Today’s actions will continue to allow for humanitarian transactions to support the Iranian people,” he added.

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