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US Sanctions Turkish Bank in Iran Crackdown
Confirmed
In Short: The US Treasury has imposed sanctions on a Turkish financial institution, aiming to cut off 'critical financial lifelines' for Iran.
The US Treasury announced Friday that it has imposed sanctions on a Turkish financial institution, as part of its efforts to sever 'critical financial lifelines' for the Iranian government, according to The Times of Israel.
This move comes as part of the US's ongoing campaign to limit Iran's access to international finance, with the Treasury stating it is taking steps to 'deprive the Iranian regime of the ability to use the international financial system to fund its malign activities.
In response, the Turkish bank has issued a legal threat, indicating it will challenge the sanctions in court, as reported by The Times of Israel.
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- Nothing material beyond the confirmed record.