89508
US Sanctions Malaysia-Based Agent Over Link With Iranian Airline
US Sanctions Malaysia-Based Agent Over Link With Iranian Airline

US Sanctions Malaysia-Based Agent Over Link With Iranian Airline

US Sanctions Malaysia-Based Agent Over Link With Iranian Airline

The US Treasury Department has slapped sanctions on a Malaysia-based sales agent for having links with Mahan Air, an Iranian airline blacklisted by Washington.
Announcing this in a statement on Monday, the department said Mahan Travel and Tourism was sanctioned as it enabled Mahan Air’s international operations, especially for “conducting financial transactions on behalf of the airline”, Malaysian news agency BERNAMA reported.
“As a result of today’s action, all property and interests in property of Mahan Travel and Tourism Sdn Bhd that are or come within US jurisdiction are blocked,” the department’s statement read.
It said Mahan Air was designated in October 2011 to provide support for the Islamic Revolutionary Guards Corps’ Quds Force.
The latest move by the department will reportedly freeze all assets held by the designated entity in the US and generally, prohibit US individuals from doing business with it.
Washington has intensified sanctions against Iranian entities and individuals following US President Donald Trump’s decision to exit the Iran nuclear deal in May, a move widely criticized by the international community.

Short URL : https://goo.gl/Q4Ccma
  1. https://goo.gl/sNFyDv
  • https://goo.gl/3Dbwvr
  • https://goo.gl/T1JZSf
  • https://goo.gl/ht2mL4
  • https://goo.gl/3W5hrA

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus