US sanctions Cuban bank accused of ties to Iran bank
The United States has imposed sanctions on Cuba’s Banco Internacional de Comercio S.A. (BICSA) due to its alleged ties with Iran’s Karafarin Bank. Read More: https://punchng.com/us-sanctions-cuban-bank-accused-of-ties-to-iran-bank/
The United States has imposed sanctions on Cuba's Banco Internacional de Comercio S.A. (BICSA) due to its alleged ties with Iran's Karafarin Bank, which has been under sanctions since 2020. These measures are part of US efforts to intensify economic pressure on Iran. Secretary of State Marco Rubio stated that Communist Cuba has been allowing malign actors, including Iran, to target the United States.
Cuban Foreign Minister Bruno Rodriguez described the action as "aggressive" and claimed BICSA is a legitimate bank. The Trump administration declared Cuba a "threat" to US national security in January, leading to increased diplomatic and economic pressure through sanctions and an oil embargo. Additionally, on Thursday, the US imposed sanctions on Iraq-based International Development Bank for Investment and Finance and several Iranian banks, companies, and individuals.
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