US imposes sanctions on Iran-related aviation company

US imposes sanctions on Iran-related aviation company

Published
Hot News Text
1 min read
WASHINGTON, July 31, 2017 (Xinhua) -- U.S. Treasury Secretary Steven Mnuchin speaks at a daily briefing to address sanctions on Venezuelan President Nicolas Maduro at the White House in Washington D.C., United States, on July 31, 2017. The United States on Monday slapped sanctions on Venezuelan President Nicolas Maduro after Venezuela held its National Constituent Assembly (ANC) on Sunday. (Xinhua/Ting Shen/IANS)
Washington, Sep 15 (IANS) The US Treasury announced on Friday that it has imposed sanctions on a Thailand-based aviation company, punishing it for its alleged ties with an already designated Iranian airline.
The new move slapped sanctions on My Aviation Company for "acting for or on behalf of Mahan Air, an Iranian airline previously designated for supporting Iran's terrorism activities," Xinhua quoted the US Treasury as saying.
The latest move by the department will freeze all the assets the designated entity may hold in the United States and generally prohibit US individuals from doing business with it.
Washington has intensified its sanctions against Iranian entities and individuals after US President Donald Trump's decision to exit the Iran nuclear deal in May, a move that has been criticized widely by the international community.
The first unilateral US sanctions on Iran's automotive sector, gold trade, and other industries were re-imposed in early August, with further sanctions on oil and transactions with the Central Bank of Iran expected in November.
A UN expert in late August called the sanctions re-imposed on Iran as "unjust and harmful", saying that the sanctions are driving millions of people into poverty and making imported goods unaffordable.
--IANS
qd

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!