The US Treasury provided globalfinancial institutions with information aimed at helping them “shut downrevenue streams and procurement networks” linked to Iran, the departmentannounced on Wednesday, as part of the Operation Economic Outcast campaign.
Treasury Secretary Scott Bessentsaid Washington would continue working with financial institutions and theprivate sector to “sever every economic lifeline Tehran has left.”
The United States launched OperationEconomic Outcast on Aug. 24, with Bessent describing it as a campaign toisolate Iran from global economic and financial networks. The latest sanctionsunder the campaign came on Monday, when the Treasury imposed additional sanctionson Russia’s VTB Bank, accusing the lender of involvement in Iranian sanctionsevasion.
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