Treasury targets Iranian auto, rail sectors in latest round of sanctions
The U.S. Treasury Department has imposed sanctions on Iran's automotive and rail industries. The administration claims these sectors serve as critical funding sources for the Iranian government.
The Treasury Department sanctioned Iranian auto and rail industries Thursday, the latest salvo in its economic campaign against the Islamic Republic. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the entirety of those industries — going after automobile, train and manufacturing companies — which the administration views as critical sources of funding for...
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