Washington Imposes Sanctions on 36 Iranian Targets and Suspends 3 General Licenses
The US Department of the Treasury imposed sanctions on 36 entities and individuals linked to Iranian aviation and suspended 3 general licenses as part of a new economic pressure package on Tehran, according to reports.
The US Department of the Treasury announced new sanctions on 36 entities and individuals connected to Iran's aviation sector and sanction-evasion networks, in an escalatory step within the ongoing economic pressure campaign against Tehran, according to reports.
The sanctions list included aircraft manufacturing and maintenance companies, as well as intermediaries accused of supplying prohibited spare parts and equipment to Iranian civil and military aviation, in addition to entities active in the air cargo sector, according to official statements.
In parallel, the Treasury Department announced the suspension of 3 general licenses that had permitted limited transactions with Iran in specific sectors, significantly narrowing the allowed margin of dealings.
This escalation coincides with diplomatic negotiations conducted by US officials with European parties regarding the nuclear file, indicating that Washington seeks to increase its economic leverage alongside the diplomatic track, according to reports.
What do these terms mean?
General Licenses: A general advance authorization granted by the Treasury Department to permit specific types of transactions with sanctioned parties without requiring an individual license for each deal.
Aviation Sector Sanctions: Measures aimed at preventing Iran from acquiring Western spare parts and technologies necessary to maintain its air fleet.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
