Treasury announces new sanctions on Egyptian bank's UAE branch
The U.S. Treasury Department on Friday announced new restrictions on the United Arab Emirates branch of the Egyptian state-owned bank Banque Misr as part of Operation Economic Outcast, the Trump administration's new strategy to economically isolate Iran.
The U.S. Treasury Department has imposed new restrictions on the United Arab Emirates branch of Banque Misr. This action is part of the Trump administration’s “Operation Economic Outcast.” The initiative aims to economically isolate Iran.
- U.S. Treasury Department announced new restrictions.
- Targeted entity: United Arab Emirates branch of Banque Misr.
- Banque Misr is an Egyptian state-owned bank.
- Action is part of “Operation Economic Outcast.”
- This strategy aims to economically isolate Iran.
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