U.S. imposes sanctions on 35 individuals, entities for aiding Iran's sanctions evasions
The U.S. imposed sanctions on 35 individuals and entities for supporting Iran's sanctions evasion through its shadow banking network, targeting financial flows tied to illicit activities and regional instability. The Treasury Department accused the designated parties of facilitating tens of billions of dollars linked to terrorism financing and circumventing international controls. U.S. officials also warned foreign banks about engaging with Chinese 'teapot' refineries involved in Iranian oil trade. The move underscores ongoing efforts to disrupt Iran's access to global financial systems.
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The U.S. Government ratcheted up pressure on Tehran on Tuesday (April 28, 2026), imposing sanctions on 35 entities and individuals for their roles in Iran’s shadow banking sector, and threatened sanctions against banks doing business with Chinese “teapot” refineries that it said are paying tolls for shipments to cross the Strait of Hormuz.The Treasury Department’s Office of Foreign Assets Control said the designated individuals and firms had facilitated the movement of the equivalent of tens of billions of dollars tied to sanctions evasion and what it called Iran’s sponsorship of terrorism.
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