The United States has imposed sanctions on 35 individuals and entities linked to Iran’s so-called “shadow banking” system.

Axar.az reports, citing United States Department of the Treasury, the sanctioned individuals and entities are part of networks that facilitate the movement of tens of billions of dollars tied to sanctions evasion, illicit oil transactions, and the financing of Iran’s military and proxy activities.

According to the statement, these networks enable Iran’s armed forces, including the Islamic Revolutionary Guard Corps (IRGC), to access the international financial system.

The Treasury noted that the measures were taken as part of ongoing efforts to increase pressure on Iran’s financial infrastructure and disrupt mechanisms used to fund destabilizing activities.

It should be noted that the United States also imposed sanctions on Iran on April 21 and 24.