United States President Donald Trump has slapped another wave of sanctions targeting Iran’s shadow banking network.
State Department spokesperson, Tommy Pigott, made this known in a statement on Tuesday.
According to Pigott, the Trump’s administration is taking additional action against nearly three dozen entities and individuals accused of operating Iran’s shadow banking networks.
The administration stated that the entities and individuals allow the Iranian regime to evade sanctions and pocket tens of billions of dollars.
“By dismantling these financial channels, we advance the Administration’s policy in the conflict with Iran and underscore our commitment to imposing maximum pressure on Iran,” Pigott said.
