Bessent expects new US secondary sanctions weekly, aiming to increase pressure on Iran
Scott Bessent said he intends to drive the message home to G20 finance ministers and central bank governors to cut economic ties to Iran, or face secondary sanctions.
US Treasury Secretary Scott Bessent anticipates weekly secondary sanctions against Iran, according to Reuters. The focus initially will be on banks, as Bessent warned Egypt's Banque Misr could be severed from the dollar system due to alleged financial links to Iran. Bessent stated that more such sanctions will be issued every week, beginning with banks and emphasizing that aiding Iran's regime is unacceptable.
He plans to convey this message to G20 finance ministers and central bank governors, urging them to sever economic ties with Iran or face secondary sanctions.
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