By JAN YUMUL in Hong Kong, JI HAISHENG in Beijing and CUI HAIPEI in Dubai, UAE |
chinadaily.com.cn |
The United States imposed a new wave of sanctions on Iran on Monday, which it said would cut off the economic lifeline that sustains the country. Experts said the move appears unlikely to force Tehran to bow down, but will further strain the global economy.
US Treasury Secretary Scott Bessent said in a news release on Monday that the new sectoral sanctions target five critical sectors: digital assets, technology, gold, aviation and shipping.
According to the department, starting on Monday, "the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the Islamic Revolutionary Guard Corps and the Iranian regime".
