Washington: The United States (US) has announced new sanctions on Iran, targeting five sectors including digital assets, technology, gold, aviation and shipping for possible secondary sanctions.
According to a foreign news agency, the US Treasury Department has said that sanctions have been imposed on 60 entities, individuals and vessels related to Iran, including some brokerage companies from the United Arab Emirates, Hong Kong, China, Singapore and Europe.
US authorities have also suspended some licenses related to money transfers to Iran. The new sanctions aim to restrict Iran’s economic and financial network and block the means used to evade sanctions.
US Treasury Secretary Scott Besant said that President Donald Trump is contacting world leaders to end economic relations with Iran. And every country has been given a deadline to end trade with Iran.
Scott Besant warned that the US Treasury Department would use its powers to take unilateral action against countries that do not take steps to end economic ties with Iran within the specified period.
According to the US Treasury Secretary, countries have also been given a deadline to close branches of Iranian banks. He made it clear that no country, including China, is beyond the reach of US sanctions.
The US Treasury Department has previously imposed large-scale sanctions on Iran’s oil exports, shipping networks and companies that help it evade sanctions.
