US Issues Sanctions on Turkish Bank that It Calls a ‘Critical Financial Lifeline’ for Iran
The department said the firms helped move tens of millions of dollars for Iran’s Revolutionary Guard and its Quds Force.
- On Friday, the Treasury sanctioned Golden Global Yatirim Bankasi Anonim Sirketi to sever "critical financial lifelines" for the Iranian government, marking Washington's latest effort to isolate Tehran after more than six months of war.
- Treasury Secretary Scott Bessent announced "Operation Economic Outcast" nearly a week ago to force Tehran to capitulate, a strategy following recent military strikes and rising concerns over potential regional war involving Iran.
- Last week, Washington targeted an Egyptian bank's operations in the United Arab Emirates, while Bessent discussed these strategies during the G20 Finance Ministerial in Asheville, Sept. 1, seeking to isolate Iran from global partners.
- Promises of an "Economic D-Day" for "Operation Economic Outcast" have turned into warnings and negotiations with partners to restrict the financial reach of the Iranian government globally.
- The Trump administration resumed military strikes in recent days, prompting Iranian retaliation that has renewed regional war fears; these actions coincide with ongoing economic pressure campaigns designed to force Tehran to accept new demands.
43 Articles
43 Articles
The Toronto Star
US issues sanctions on Turkish bank that it calls a ‘critical financial lifeline’ for Iran
WASHINGTON (AP) — The U.S. Treasury announced Friday it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government.
The United States imposed sanctions on a Turkish bank due to its ties with Iran
The United States imposed sanctions on a Turkish bank due to its ties with IranThe United States has added the Turkish investment bank Golden Global Investment Bank and two related financial companies to the sanctions list as part of a campaign of...
Associated Press News
US issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran
The U.S. Treasury has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government.
US sanctions Turkish bank, two subsidiaries to pressure Iran
WASHINGTON, Sept 4 - The U.S. Treasury Department said on Friday it imposed new Iran-related sanctions on a small Turkish investment bank and two subsidiaries as part of the Trump administration's effort to increase economic pressure on Iran. Read more at straitstimes.com.
NEW: US Severs Iran's 'Financial Lifeline' In Major Blow To Regime
The Trump administration delivered another major economic blow to Iran on Friday, sanctioning a Turkish bank accused of helping Tehran move oil money from China into the hands of the Islamic Revolutionary Guard Corps. The Treasury Department targeted Istanbul-based Golden Global Bank as part of its widening effort to choke off the Iranian regime’s access […]
US Sanctions Small Turkish Investment Bank Over Iran Links
The United States sanctioned Golden Global Investment Bank, a relatively small Turkish firm, as Treasury Secretary Scott Bessent continues his efforts to isolate Iran’s economy after a muted start to a new sanctions effort.
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