Scott Bessent, U.S. Treasury Secretary, in an interview with Kambiz Tavaana from Iran International on Monday said the United States has taken action to cut off financial resources of the Islamic Republic against banks around the world; an action he described as a “full isolation program.”

Bessent said Washington is monitoring a large Pakistani bank, closed the branches in Dubai of an Egyptian bank, and shut down a Turkish bank and “VTB,” the second-largest bank in Russia, because of transactions with Tehran. According to him, European banks are not a special weakness and are only one of the many nodes identified through advanced monitoring.