Turkey revokes license of Iranian Mellat Bank under US pressure
Summary
Turkey has revoked the operating license of Iran's Mellat Bank, a move attributed to the US Treasury Department's recent sanctions campaign against Iranian financial entities. This action represents a significant tightening of economic warfare against Iran, leveraging third-party jurisdictions to isolate Iranian banking channels and disrupt potential funding networks for state and proxy activities.
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Sources (1)
Actor Responses
Subject to financial isolation as its Mellat Bank loses operating license in Turkey.
Imposed sanctions on Turkish investment banks and subsidiaries, driving the revocation of Mellat Bank's license.
Related Events (2)
"Both events are part of the same coordinated US sanctions campaign ('Operation Economic Outcast') targeting different sectors of the Iranian economy (aviation and banking) to isolate Iran financially."
"Both events involve Turkey taking specific economic actions (suspending routes, revoking bank licenses) in direct response to US sanctions pressure against Iran, representing a consistent pattern of Turkish compliance with US economic warfare measures."