The Secretary of the United States has put a hard word on this organization: it will not be punished if it does not stop serving Iran.

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 The Secretary of the United States has put a hard word on this organization: it will not be punished if it does not stop serving Iran.


Overseas Network, Nov. 3, 2, local time, the United States not only announced the full resumption of sanctions against Iran, but also at a media briefing on the same day, U.S. Treasury Secretary Mnuchin warned the World Bank, Financial and Telecommunications Association (SWIFT), an international cooperation organization, that if services to Iranian financial institutions were not stopped, It will also face sanctions from the United States.

According to todays Russian website, Mnuchin said: Like other organizations, SWIFT has made recommendations to the organization to stop providing services to our designated Iranian financial institutions as soon as possible, otherwise it will face sanctions from the United States. It is reported that the Trump government has been exerting pressure on the organization to remove Iran from the current financial system, so that Iran will lose its ability to pay for import and export trade.

In fact, six years ago, the European Union imposed sanctions on Irans financial industry, forcing the EU-legally bound SWIFT to cut financial transactions with at least 30 Iranian financial institutions, including the Central Bank of Iran. After the Iranian nuclear agreement came into force in 2016, the Central Bank of Iran contacted the organization again, allowing foreign funds to flow into the central bank. It is understood that the World Bank Financial Telecommunications Association is an international cooperative organization that provides services for international financial business, operates a world-class financial message network, and through which banks and other financial institutions exchange messages with their counterparts to complete financial transactions. In November 5th, the United States will restart sanctions against Irans energy and banking sectors. In response to this round of sanctions, a spokesman for Irans Foreign Ministry said that Iran was not worried about the new sanctions imposed by the United States, because the United States could not implement these sanctions, while Iran also had the ability to manage its economic affairs. Meanwhile, Irans deputy foreign minister said that Iran and its trading partners are working to establish an oil trading mechanism to deal with U.S. sanctions against them. Source: overseas web editor: Yang Yi _NBJ10647

It is understood that the World Bank Financial Telecommunications Association is an international cooperative organization that provides services for international financial business, operates a world-class financial message network, and through which banks and other financial institutions exchange messages with their counterparts to complete financial transactions.

In November 5th, the United States will restart sanctions against Irans energy and banking sectors. In response to this round of sanctions, a spokesman for Irans Foreign Ministry said that Iran was not worried about the new sanctions imposed by the United States, because the United States could not implement these sanctions, while Iran also had the ability to manage its economic affairs. Meanwhile, Irans deputy foreign minister said that Iran and its trading partners are working to establish an oil trading mechanism to deal with U.S. sanctions against them.