US sanctions Iran’s major automakers, rail firms under new rules from October 1
Treasury said the move lets Washington block firms operating in those sectors and added major automakers and rail companies to its sanctions list.
- On Thursday, the United States expanded its sanctions framework to cover Iran's automotive and rail sectors, allowing Washington to target entities operating within these industries to address what officials described as an "unusual and extraordinary threat."
- President Donald Trump and Treasury Secretary Scott Bessent launched the measures under "Operation Economic Outcast," a sanctions effort touted as Iran's "economic D-Day" when unveiled in late August to hobble Tehran's financial lifelines.
- Treasury officials added major entities to the sanctions blacklist, including Iran Khodro, Pars Khodro, Saipa, Zamyad, Iran Railway Company, and Raja Passenger Trains Company.
- OFAC extended penalties to Iran-linked firms in Hong Kong, China, the UAE, Indonesia, Germany, and Turkey, as placement on the Specially Designated Nationals List generally blocks property interests within US jurisdiction.
- Bessent stated that "Today's action directly targets Iran's enablers and lays the groundwork for the United States and our partners to drain the regime's revenue once and for all.
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17 Articles
(Washington = Yonhap News) Correspondent Park Sung-min = On the 1st (local time), the U.S. Treasury Department, as part of its 'economic isolation operation' against Iran, [targets] Iran's automobile, railway, and other sectors...
The Economic Times
Times of IndiaUS sanctions Iran’s major automakers, rail firms under new rules from October 1
Washingtons latest Iran squeeze runs on wheels: The United States has imposed new sanctions targeting Iran's automotive and rail industries as of October 1. Major Iranian automotive companies such as Iran Khodro and Saipa are on the sanctions blacklist. Additionally, Iranian railway entities including the Islamic Republic of Iran Railway Company have also been sanctioned. This framework allows blocking sanctions on designated companies and indiv…
US sanctions Iran’s largest automakers, major rail companies: Treasury
WASHINGTON (AFP) : The United States on Thursday announced fresh sanctions targeting Iran’s largest automakers, as well as major rail, manufacturing and metals companies, as Washington seeks to exert maximum pressure in its war against the country. “Because the rail and automotive sectors represent some of the regime’s largest remaining sources of revenue and logistical […]
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