US Imposes New Sanctions, Targets Iran’s ‘Remaining Industrial Lifelines’
The Treasury also announced sanctions against a Russia-linked bank for helping Iran evade sanctions.
TL;DR
- U.S. government imposed additional sanctions on Iran on Oct. 1.
- Sanctions target Iran's automotive and rail industries.
- These measures are an expansion of Operation Economic Outcast.
- The Treasury Department described the targeted sectors as "some of the last significant elements of Iran’s failing industrial infrastructure."
- Previous sanctions targeted Iran's shipping, aviation, technology, gold, and digital asset sectors.