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U.S. Treasury Department Blacklists Bahraini Bank Run by Iranians
By Brian Orsak
printThe U.S. Treasury Department ratcheted up economic pressure on Iran by blacklisting a Bahraini bank run by several of Iran's financial leaders. The department sanctioned Future Bank B.S.C. Wednesday for purportedly helping Iran and Bank Melli, an Iranian government owned bank also sanctioned by the United States, try to advance its internationally condemned nuclear weapons program. Iranian officials have repeatedly said that their nuclear ambitions are for energy purposes only, calling U.S. and United Nations sanctions against the country unfair. The chairmen of Bank Melli and another Iranian institution, Bank Saderat PLC, as well as other officials associated with those...
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