The United States on Thursday slapped fresh sanctions on Iran’s financial sector, targeting 18 banks to further choke off Iranian revenues as Washington ramps up pressure on Tehran weeks ahead of the US election.
Iranian central bank governor Abdolnaser Hemmati dismissed the sanctions as political propaganda and played down their practical impact.
“What needs to be decided in this regard was decided two years ago,” Hemmati was quoted as saying by Iranian media. “Therefore, the banks that were party to the agreement with Iran have decided to continue trading with Iran.”
Analysts said the sanctions may further deter European and other foreign banks from working with Iran, even for permitted humanitarian transactions.