Bessent: EU joins 'Economic Outcast' operation against Iran
The European Union has officially joined the US operation 'Economic Outcast,' aimed at economically isolating Iran. The US Treasury announced weekly expansion of sanctions, starting with the banking sector, and plans to sanction another bank this week.
Sources
· 8ЕС присоединился к операции США «Экономический изгой» против Ирана
1Минфин США будет еженедельно расширять санкции против Ирана, нацелившись на банки
2Минфин США введет санкции против еще одного банка в рамках давления на Иран
3США в понедельник начнут «экономический день Д» против Ирана
4Минфин США вводит санкции против цифровых активов, золота, авиации и судоходства Ирана
5Иран призвал ООН осудить «экономический терроризм» США из-за санкций
6Минфин США отключил отделения Banque Misr в ОАЭ от долларовой системы
7Иран пригрозил сокрушительным ответом на новые санкции США
8Key points
- The European Union has officially joined the 'Economic Outcast' operation, US Treasury Secretary Scott Bessent announced on his X page.
- The US Treasury will expand sanctions against Iran weekly, with the banking sector as the first target and an emphasis on secondary restrictions.
- Previously, under the 'Economic Outcast' operation, sanctions were imposed against five sectors: digital assets, technology, gold, aviation, and shipping.
What happened
The European Union has officially joined the 'Economic Outcast' operation. US Treasury Secretary Scott Bessent announced this on his X page. He said the United States stands firmly with its allies in ensuring that Iran cannot use the global financial system to sponsor nuclear ambitions, weapons programs, and terrorist groups.
What changed
Earlier, on August 24, Scott Bessent announced the start of the 'largest financial offensive' against Iran. Around the same time, the US Treasury disconnected Banque Misr branches in the UAE from the dollar system, stripping them of the right to conduct dollar transactions and access correspondent accounts in the United States. Washington called the bank a key channel for Iran's access to US currency.
Who's affected
Separately, the US Treasury warned the UAE branch of Egypt's Banque Misr over suspected ties to Iran. Earlier, Washington disconnected Banque Misr branches in the UAE from the dollar system.
What to watch
The US Treasury will expand sanctions against Iran weekly, starting with the banking sector. Restrictions against Banque Misr branches in the UAE are expected to take effect in late September after a 30-day public notice period. Bessent also intends to discuss China's purchases of Iranian oil at G20 meetings in Asheville.
Earlier
- The US Treasury imposed sanctions against five sectors — digital assets, technology, gold, aviation, and shipping.
- Iran's foreign minister called on the UN to condemn US actions as an 'operation of economic terrorism.'
- The chief of the general staff of Iran's armed forces threatened a crushing response to new US threats.
What's Next
The US Treasury will expand sanctions against Iran weekly, starting with the banking sector; restrictions against Banque Misr branches in the UAE are expected to take effect in late September.