US Treasury announces sanctions on Iranian railway, automotive industries

NEWS SUMMARY

On Thursday, the US Treasury Department sanctioned Iran's automotive and rail sectors, designating entities including the Islamic Republic of Iran Railway Company, Iran Khodro Company, and SAIPA. These sanctions, part of "Operation Economic Outcast," aim to disrupt Tehran's funding for military activities and the IRGC, with the Treasury stating the action targets Iran's enablers to drain the regime's revenue.

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Among entities added to the Office of Foreign Assets Control’s Specially Designated Nationals List as part of the new sanctions is the Islamic Republic of Iran Railway Company.

US Treasury announces sanctions on Iranian railway, automotive industries

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