Updated Sanctions Issued In May 2023 For Iran And Its Impact On Turkey

Current sanctions issued in May 2023 for Iran:

• Sanctions on the Islamic Revolutionary Guard Corps (IRGC): The United States imposed new sanctions on the IRGC in May 2023. These sanctions target the IRGC's financial assets and its ability to acquire weapons and technology.
• Sanctions on the Central Bank of Iran: The United States imposed new sanctions on the Central Bank of Iran in May 2023. These sanctions target the Central Bank's ability to access the global financial system and to conduct foreign exchange transactions.
• Sanctions on individuals and companies: The United States and the European Union imposed new sanctions on individuals and companies that are involved in Iran's nuclear program, its ballistic missile program, or its human rights abuses. These sanctions prohibit these individuals and companies from doing business with the United States or the European Union, and they also freeze their assets.