US expands financial pressure on Banque Misr with targeted rulemaking
TL;DR Summary
The U.S. Treasury proposed a rule that would sever the Emirati branches of Banque Misr, Egypt’s second-largest bank, from access to the U.S. financial system as part of a broader campaign of economic pressure. While the administration stopped short of imposing full sanctions, the move signals caution toward major trading partners and underscores ongoing Iran-related tensions, per AP’s Fatima Hussein.
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