Bessent announces a wave of sanctions starting immediately with more to follow at a continuing pace.
“And I want to emphasize that we are spreading out across the world as we speak, that you will see a wave of sanctions when you leave this meeting today, and you should expect that cadence to continue.”
Bessent predicts a major financial institution will be sanctioned by the end of the week.
“And I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.”
Bessent emphasizes secondary sanctions are very powerful, naming the acting undersecretary for terrorism finance.
“Secondary sanctions are a very powerful tool, and we here at Treasury this is Gene Wang, the acting undersecretary for terrorism finance.”
Bessent explains Treasury can use secondary sanctions because it does not take their use lightly.
“And in the terrorism finance department and at OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
Bessent announces new sectoral sanctions targeting five Iranian lifelines: digital assets, technology, gold, aviation, shipping.
“The new sectoral sanctions determinations issued today target five of Iran's most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.”
Bessent expects major financial institution to be sanctioned by end of week.
“I would expect that you will see a major announcement of a financial institution being sanctioned by the end of this week.”
Bessent announces new sectoral sanctions targeting five Iranian economic lifelines in other countries.
“The new sectoral sanctions determinations issued today target five of Iran's most vital lifelines that it exploits in other countries.”
Bessent announces over 60 new sanctions on entities enabling Iran's nuclear, missile, cyber, and oil operations.
“As I speak, Treasury's Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels around the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
Bessent states Treasury's goal is to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent .”
Bessent warns Iran's enablers cannot access U.S. dollars, says Banque Misr UAE is being held accountable for supporting Iran.
““We also warned that Iran’s enablers cannot continue to enjoy access to the U.S. dollar and the global financial system.”
Bessent frames Syria sanctions relief as delivering on Trump's promise to give Syrians a chance at greatness.
““Treasury is following through on President Trump’s promise to give the Syrian people a chance at greatness,” said Secretary of the Treasury Scott Bessent”
Bessent says the sanctions relief will foster additional investment to promote Syria's stability.
““Today’s action will help foster additional investment in Syria to promote political and economic stability.””
Bessent warns far-left extremists Treasury will use full economic tools against them.
““Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear,””
Bessent warns Treasury will use full economic tools against far-left extremists and their enablers.
““Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear,” said Secretary of the Treasury Scott Bessent”
Bessent pledges to cut financial lifelines of political terrorist groups until eliminated.
““Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated.””
Bessent states that removing Syria restrictions does not change Treasury's counterterrorism posture overall.
“The decision today to remove these restrictions on Syria does not change Treasury’s posture with regards to countering global terrorism”
Bessent announces sectoral sanctions targeting digital assets, technology, gold, aviation, and shipping.
“The new sectoral sanctions determinations issued today target five of Iran’s most vital lifelines that it exploits in other countries: digital assets, technology, gold, aviation, and shipping.”
Bessent says new measures increase secondary sanctions risk and speed of enforcement.
“These measures broaden secondary sanctions risk for anyone foolish enough to continue conducting business with this regime—and accelerate the speed with which we pursue them.”
Bessent says OFAC is sanctioning over 60 entities worldwide enabling Iran's nuclear, missile, and cyber programs.
“Treasury’s Office of Foreign Assets Control is also sanctioning over 60 entities, individuals, and vessels across the world that enable the Iranian regime to procure illicit nuclear and missile technology, conduct cyber operations, and generate oil revenue.”
https://x.com/SecScottBessent/status/2093348438343614943
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