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The Economic Times

US warns foreign financial institutions not to do business with Iran

United States Iran the US Treasury the Middle East Washington D.C.

Washington: The United States on Monday warned foreign financial institutions that if they conducted any business with Iran or its banking sector they could be sanctioned by Washington.

"Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such activity and relationships," the US Treasury said in an "alert" statement.

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