New US sanctions target billionaire Iranian financier Babak Zanjani
Summary
The U.S. Treasury Department has announced new sanctions targeting nine companies and four individuals linked to Iranian businessman Babak Zanjani. These sanctions accuse them of trying to avoid previous U.S. restrictions.Key Facts
- The U.S. Treasury Department issued sanctions on Friday.
- Nine businesses and four people connected to Babak Zanjani are affected.
- Babak Zanjani is an Iranian financier already under sanctions.
- The sanctions aim to block efforts to bypass existing U.S. sanctions.
- The Treasury Department released an official statement about these actions.
- The sanctions are part of ongoing U.S. efforts to limit Iran’s financial activities.
- These measures freeze any assets the targeted firms or individuals hold in the U.S.
- The sanctions also generally prohibit U.S. citizens from doing business with them.
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