Business And Markets

Fresh US Sanctions Dismissed

News US sanctions against Iranian banks are less likely to have further impact as they are already under multilayer restrictions, a monetary expert and former banker said. 
The US Treasury Department on Thursday imposed fresh sanctions on 18 Iranian banks in a bid to totally cut off the country from the world's financial system and harm the government’s depleting revenues.  
“The sanctions are less likely to have much effect on banks’ relations with the outside world. Links to the international financial system were severed two years ago,” the Persian-language newspaper Sharq quoted Ahmad Hatami Yazd, a former chief executive of Bank Saderat Iran, as saying. 


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