The US Treasury Department announced new sanctions against Iran.
In the statement made by the Ministry, it was noted that the sanctions target large companies in Iran's railway and automotive sectors and organizations that provide international supplies to these sectors.
The US blockade of Iranian oil passing through the Strait of Hormuz; While Tehran was forced to turn more to automotive and railway transportation in the transportation of oil, fertilizer, chemicals and other products, the Ministry of Treasury reported that these alternative transportation channels were also targeted with the latest steps taken.
In the statement, it was noted that in line with the sanctions imposed, Iran's leading automotive companies Khodro and SAIPA and their affiliates were included in the sanctions list. It was noted that these companies constitute more than 90 percent of Iran's domestic automotive market.
SANCTIONS AGAINST RAILWAY COMPANIES
The Treasury Department also announced that the Islamic Republic of Iran Railway Company, Raja Passenger Trains Company and a leading private railway transportation company, which provide passenger and freight transportation services belonging to the Iranian state, have been added to the sanctions list.
In his statement regarding the sanctions, US Treasury Secretary Scott Bessent said that this step "directly targets the elements that enable Iran's financial activities and paves the way for the United States and its partners to ultimately dry up the regime's sources of income."
SANCTIONS ON 'SHADOW BANKING' NETWORK
Within the scope of sanctions, the US Treasury Department also reported that a major step was taken against the shadow banking network A7, which is said to be linked to Russia and used by the Tehran administration to circumvent sanctions.
It was noted that the Financial Crimes Fighting Network affiliated with the Ministry of Treasury proposed a regulation that would prohibit money transfers related to transactions involving A7's sub-agents and issued a warning to help financial institutions detect and report suspicious activities related to the A7 Network.
It was noted that the Treasury Department's Office of Foreign Assets Control (OFAC) added the A7 Network to its sanctions list as "an important international criminal organization."
In the Treasury Department statement, it was claimed that the A7 Network was created by sanctioned individuals in order to avoid sanctions. The network was alleged to have developed a global network of subagents, consisting of companies specially created to disguise payments linked to sanctioned sectors and individuals as ordinary business activities. It was stated that the A7 Network was used by Iranian actors, including the Iranian Revolutionary Guards Army (DMO).
"The Treasury Department is dismantling the financial infrastructure that allows Iran and other adversaries to evade sanctions, transfer illicit funds, and undermine the integrity of the global financial system. The action targeting A7 is a continuation of our unprecedented efforts to isolate Iran and its financial backers," Treasury Secretary Bessent said.
Bessent argued that this step sends a clear message that actors who facilitate illicit financing activities for America's adversaries will lose access to the US financial system.
These steps were described as a new phase of the US's "Economic Isolation" operation aimed at isolating Iran in the global economic market. Within the scope of the operation, Washington aims to prevent Tehran's administration's war capacity, missile production, cyber attacks and financing of the Iranian Revolutionary Guard Corps (IRGC).
