DistantNews
Support us
“It will be financial violence if we have to do it”: U.S. plans sanctions on another bank over Iran transactions Image: JIM LO SCALZO / POOL
🇲🇽 Mexico /Elections & Politics

“It will be financial violence if we have to do it”: U.S. plans sanctions on another bank over Iran transactions

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Named sources New plan
  • The United States plans to sanction another bank this week as it seeks to curb Iran’s financial transactions, Treasury Secretary Scott Bessent said.
  • Bessent warned countries and institutions maintaining business ties with Iran that they could face U.S. retaliation.
  • He made the remarks ahead of G20 meetings in Asheville, North Carolina, where he planned to encourage other economies to support Iran’s economic isolation.

The United States plans to impose sanctions on another bank this week as Washington intensifies efforts to cut Iran’s access to international finance, Treasury Secretary Scott Bessent told The Associated Press.

Bessent spoke ahead of G20 meetings in Asheville, North Carolina, where he was due to meet separately with counterparts from major economies and developing countries. He said he would encourage them to participate in isolating Iran economically.

It will be financial violence if we have to do it

— Scott BessentThe U.S. Treasury secretary described the possible sanctions against banks dealing with Iran.

“It will be financial violence if we have to do it,” Bessent said. “We’re showing people that we know who they are, you know who they are, and this has to stop.”

The Treasury secretary recently announced a new campaign aimed at countries that continue doing business with Iran. Under the policy, those countries would be pressed to end their financial ties with the Islamic Republic or face U.S. reprisals.

We’re showing people that we know who they are, you know who they are, and this has to stop

— Scott BessentBessent warned countries and institutions continuing financial ties with Iran.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog