Categories Automotive

Treasury Department imposes sanctions on Iran’s automotive and railway industries.

The Treasury Department has imposed new sanctions on Iran’s leading automotive and railway companies, targeting their efforts to bypass U.S. naval blockades through the Islamic Revolutionary Guard Corps. This is part of Operation Economic Outcast, aimed at crippling the Iranian economy, having already affected multiple sectors including aviation, shipping, and technology.

For more details, you can check the Washington Examiner.

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