Saturday, November 17, 2018
News

US imposes sanctions on Iran-related aviation company

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Washington | Saturday, 2018 6:15:04 AM IST
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

( 207 Words)

2018-09-15-05:44:07 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Finance Secretary Hasmukh Adhia to retir...
Microsoft turns off ads in Windows 10 em...
Ex-Oracle executive Thomas Kurian to lea...
Finance Secretary Hasmukh Adhia to retir...
IITF 2018: Exhibitors rue lack of space,...
Trade war will have no winners: Xi...
More...
 
INDIA WORLD ASIA
Kriti Sanon starts Marathi lessons for '...
Sr Cong leader Shashidhar Reddy unhappy ...
Bharat Road Network Q2 net profit down b...
Undertrial gets 2yrs RI for manhandling ...
CRPF jawan killed in road accident in Ka...
Karnataka: six Mumbaikars dead in road m...
More...    
 
 Top Stories
Finance Secretary Hasmukh Adhia to ... 
Weightlifting better than walking a... 
BJP pledges Rs 265 bonus for MP far... 
RLSP ultimatum to BJP over seat-sha... 
Zverev tops Isner, becomes first Ge... 
Twitter confirms third-party involv... 
Trending jewellery styles to hit th... 
Brazil top Uruguay 1-0 in spirited ...