Trump’s Executive Order On Iran Permits To Impose Sanctions Against Foreign Financial Institutions

Trump's Executive Order On Iran Permits To Impose Sanctions Against Foreign Financial Institutions

President of the United States Donald Trump signed an executive order to deny Iran’s Supreme Leader and his associates access to key financial resources and support. 

“Sec. 2. (a) The Secretary of the Treasury, in consultation with the Secretary of State, is hereby authorized to impose on a foreign financial institution the sanctions described in subsection (b) of this section upon determining that the foreign financial institution has knowingly conducted or facilitated any significant financial transaction for or on behalf of any person whose property and interests in property are blocked pursuant to section 1 of this order,” published by the press service of the White House. 

So, first of all, these measures may concern a ban on the opening or saving by foreign financial institutions of correspondent or other accounts in American banks. 

Earlier, Trump signed an executive order imposing sanctions on Iran’s Supreme Leader Ayatollah Seyed Ali Khamenei to “deny his access to financial resources.” At the same time, he said that the United States does not seek a conflict with Iran and is ready for dialogue.

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