US Treasury Department announced! New sanctions move against Iran

In the statement made by the Ministry, it was stated that within the scope of the "Economic Exclusion Operation", Iran's attempts to "infiltrate" the international financial system were targeted, and the sanctions also included the Iraq-based International Development Bank for Investment and Finance (IDB), which was stated to provide financial intermediary services and access to US dollars to Iran.

In the statement, it was noted that IDB was included in the sanctions list on the grounds that it operates in the financial sector of the Iranian economy.

In the statement, the financial networks that Iran uses to transfer the revenues from oil sales back to the country were also targeted, and it was stated that the Tehran administration took advantage of shadow banking networks operating in more than one country in order to generate income and transfer money abroad, as it was subject to US sanctions.

In the statement, the US State Department also simultaneously contacted the Cuba-based Banco Internacional de Comercio S.A. It was stated that (BICSA) bank was sanctioned on the grounds that it operates in the financial services sector of the Cuban economy or has operated in this sector in the past.

In the statement of the ministry, it was noted that BICSA provided services to Iran-based Karafarin Bank, which has been sanctioned since at least 2022.