The New Paper

October 9, 2020

US announces sanctions against 18 banks in Iran

The US announced sanctions against 18 banks in Iran in an effort to “stop illicit access to US dollars” yesterday. The announcement marks the latest in a series of sanctions on Iran (including those announced by the State Department last month). Treasury Secretary Mnuchin noted that US sanctions “will continue until Iran stops its support of terrorist activities and ends its nuclear programs.” 

This story is from the October 9, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.