Washington, April 25 (SANA) The United States Department of the Treasury has announced the freezing of digital assets worth $344 million allegedly connected to Iran , as part of efforts to increase economic pressure on Tehran amid faltering diplomatic initiatives to end the ongoing conflict.
According to CNN, U.S. Treasury Secretary Scott Bessent said the department is imposing sanctions on multiple digital wallets linked to Iran, adding that Washington will “track funds that Tehran attempts to move abroad” and target all sources of financing associated with the government.
In a related development, Tether, a major company facilitating cryptocurrency transactions globally, stated that it had supported U.S. authorities in freezing the assets through specific digital addresses, following intelligence sharing among several American agencies regarding suspected illicit activity.
The Treasury Department also imposed sanctions on Friday on the Chinese petrochemical company Hengli Petrochemical (Dalian), identifying it as one of the largest purchasers of Iranian oil and a key client.
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