The US Treasury Department decided to impose new sanctions on Türkiye and India-based companies and some individuals in order to increase economic pressure on Iran. In the sanctions package announced on November 4, Türkiye-based Fugo Ground Services Inc. also took part.
It was stated that the decisions taken within the scope of the sanctions program carried out by the Trump administration under the name "Operation Economic Outcas" aimed to limit Iran's revenues from oil sales and prevent support for the country's aviation sector.
The US Treasury Department announced that it will continue to target individuals and organizations that it claims provide support to the Iranian government by land, sea or air.
SANCTION ON Türkiye-BASED COMPANY
The Office of Foreign Assets Control (OFAC) of the US Department of Treasury, Türkiye-based Fugo Ground Services Inc. added the company to the sanctions list.
The ministry claimed that the company continues to provide ground handling and other support services to Iranian airlines covered by US sanctions.
According to the US statement, Fugo Ground Services has direct service agreements with Iran Air Tour, Saha Airlines, Sepehran Airlines, Varesh Airlines, Taban Airlines and Ata Airlines.
It was stated that the company started providing services after sanctions were imposed on some of the airline companies in question on September 8, 2026.
The Washington administration argued that Iran's aviation sector is used to transport military personnel, weapons and sensitive technologies, and warned that foreign companies that support this sector may also face sanctions.
COMPANIES IN INDIA WERE ALSO TARGETED
Within the scope of the sanctions, India-based businessman Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid and two Indian citizens were also targeted.
In addition to the individuals in question, the US Treasury Department also included nine companies linked to Sharma on its sanctions list.
The ministry claimed that Sharma and his associates had established a large-scale network to facilitate Iran's oil transportation.
The network provides false flags and maritime certificates to sanctioned ships, the statement said.
It was argued that these documents helped ships carrying Iranian oil and allegedly operating on behalf of groups linked to the Iranian army avoid international inspections.
The US administration stated that ships operating with false documents may lack valid insurance coverage and may cause serious economic and environmental damage in possible accidents.
WARNING FROM THE USA TO THOSE WHO SUPPORT IRAN
In his statement following the sanctions decision, US Treasury Secretary Scott Bessent warned individuals and organizations that maintain economic relations with the Iranian government.
Bessent said, "Within the scope of Operation Economic Exclusion, you are either with us or against us."
Stating that the activities of individuals and organizations supporting Iran are being monitored, Bessent said that those who continue to provide support by land, sea or air will face sanctions.
The US Treasury Department said the new sanctions are part of a broader program to limit Iran's international trade and transportation networks.
WHAT WILL BE THE SCOPE OF SANCTIONS?
According to the decision of the US Treasury Department, the assets of individuals and companies included in the sanctions list located in the US or under the control of US individuals and organizations will be frozen.
In addition, companies in which sanctioned individuals or organizations directly or indirectly own at least 50 percent will also be subject to the same restrictions.
U.S. individuals and organizations will be prohibited from engaging in certain commercial and financial transactions with sanctioned individuals and companies unless special permission or legal exemption is available.
In case of violation of sanctions, civil or criminal sanctions may be imposed on US and foreign individuals and organizations.
USA: INFLATION IN IRAN APPROACHED 90 PERCENT
In its statement last week, the US Treasury Department argued that economic sanctions against Iran had severe consequences on the country's economy.
The Ministry claimed that Iran's currency, the rial, had fallen to historical low levels and inflation in the country was approaching 90 percent.
By limiting Iran's oil revenues, the Trump administration aims to reduce the country's ability to finance the ongoing war with the United States.
Operation Economic Exclusion, which was launched on August 24, 2026, also includes foreign companies that are stated to support Iran's oil trade, financial transactions and international transportation activities.
