The US Department of the Treasury has imposed sanctions on dozens of individuals and entities for supporting Iran as part of its “Economic Isolation” operation, according to a statement released by the department.
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The US Department of the Treasury has imposed sanctions on dozens of individuals and entities for supporting Iran as part of its “Economic Isolation” operation, according to a statement released by the department.
The new sanctions package reportedly targets some of Iran’s largest automotive manufacturers, as well as companies operating in the railway, metallurgy and other industrial sectors.
The restrictions target Iran’s two largest automakers, Iran Khodro and SAIPA, its largest motorcycle manufacturer, Niroo Motor, Indonesia-based Golden Motorcycle Company, as well as companies manufacturing automotive components in the UAE and Hong Kong.
The sanctions list also includes some of Iran’s largest railway companies: Islamic Republic of Iran Railway Company, Raja Passenger Trains Company, and Sherkat-e Rah Ahan-e Haml-o-Naql.
In addition, the US has imposed restrictions on major companies operating in the metallurgy and machinery sectors, including Heavy Equipment Production Company (HEPCO) and its subsidiary in Shanghai.
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Historic bridge in Ardabil left neglected