The US Treasury imposed sanctions against the Russian A7 payment system and Iranian sectors

The US Treasury has included the Russian A7 international payments system on the Iran sanctions list, according to data from the Office of Foreign Assets Control (OFAC) of the US Treasury.

The US Treasury has called the A7 Network a “Russian-linked shadow banking network,” alleging that Iran allegedly used it to circumvent sanctions. According to the department, the system allegedly could provide financial support to Iran's Islamic Revolutionary Guard Corps and the Palestinian Hamas movement.

In addition, the United States extended sanctions to the automobile and railway sectors of the Iranian economy. Thus, the largest Iranian automakers Iran Khodro and SAIPA, car manufacturers Pars Khodro and Zamyad, as well as the state railway company of Iran were added to the list.

Several other companies from China, UAE, Germany, Turkey and Indonesia were also included in this list. Iranian citizens Mehnoush Hamedani and Ramin Keshvardust, associated with companies in the metallurgical sector, were also subject to restrictions.