Fresh US sanctions aimed at increasing pressure on Iran expected in coming weeks
Fresh US sanctions aimed at increasing pressure on Iran expected in coming weeks The US Treasury Department will likely unveil weekly secondary sanctions aimed at adding economic pressure on Iran, with an initial focus on banks. "You're going to see a lot more of these every week," US Treasury Secretary Scott Bessent told Reuters on Sunday. "We're starting with the banks, and we're telling the…
Finance ministers and central bank governors from the Group of 20 major economies are convening in Asheville, North Carolina for talks aimed at promoting global economic growth while imposing economic pressure on Iran. With the Trump administration at the helm, the discussions will address concerns about global imbalances and sovereign debt challenges.
The gathering, which takes place over two days, has been marked by tensions, including the US's exclusion of South Africa and Brazil's refusal to participate. Additionally, a Russian representative is attending despite the ongoing conflict with Ukraine. US Treasury Secretary Scott Bessent will lead the delegation, and he is expected to deliver a strong statement urging compliance with US sanctions.
The talks, which include meetings with business leaders, come amid a US-Canada trade war and other strained relationships among G20 members.
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Also reported by 4 other outlets
- US sanctions on Iran are right but wrongly sequenced asiatimes.com
- US hosts G20 finance talks with growth, Iran pressure on agenda al-monitor.com
- US hosts G20 finance talks with growth, Iran pressure on agenda bangkokpost.com
- U.S.-Iran escalation shows Washington's frustration with slow-moving sanctions cnbc.com
