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(U.S. Treasury Department) The U.S. Treasury Department on Thursday sanctioned four Iranian steel, aluminum, and iron companies, including one subsidiary of Mobarakeh Steel Company - Iran's largest steel manufacturer. Treasury also designated one Germany-based and three UAE-based sales agents for being owned or controlled by Mobarakeh. "The Iranian regime continues to use profits from metals manufacturers and foreign sales agents to fund destabilizing behavior around the world," said Treasury Secretary Steven Mnuchin. "The United States remains committed to isolating key sectors of the Iranian economy until the revenues from such sectors are refocused toward the welfare of the Iranian people." 2020-06-26 00:00:00Full Article
U.S. Sanctions Major Iranian Metals Companies
(U.S. Treasury Department) The U.S. Treasury Department on Thursday sanctioned four Iranian steel, aluminum, and iron companies, including one subsidiary of Mobarakeh Steel Company - Iran's largest steel manufacturer. Treasury also designated one Germany-based and three UAE-based sales agents for being owned or controlled by Mobarakeh. "The Iranian regime continues to use profits from metals manufacturers and foreign sales agents to fund destabilizing behavior around the world," said Treasury Secretary Steven Mnuchin. "The United States remains committed to isolating key sectors of the Iranian economy until the revenues from such sectors are refocused toward the welfare of the Iranian people." 2020-06-26 00:00:00Full Article
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