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US imposes sanctions on Iran-related aviation company

IANS  |  Washington 

The 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

The new move slapped sanctions on My for "acting for or on behalf of Mahan Air, an Iranian previously designated for supporting Iran's terrorism activities," quoted the as saying.

The latest move by the department will freeze all the assets the designated entity may hold in the and generally prohibit US individuals from doing business with it.

has intensified its sanctions against Iranian entities and individuals after US Donald Trump's decision to exit the 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 and transactions with the Central Bank of expected in November.

A UN expert in late August called the sanctions re-imposed on as "unjust and harmful", saying that the sanctions are driving millions of people into poverty and making imported goods unaffordable.

--IANS

qd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 15 2018. 05:44 IST
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