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FinancialNews


  • 17-10-21

    Iran faces sanctions in various industries, including steel sector

    (MENAFN)Sanctions were imposed on the Islamic Republic in various industries, including steel sector, following the removal of the United States from Iran’s nuclear deal.

    Moreover; the United States forced sanctions over entities and individuals associated with Iran’s steel industry.

    Twelve Iranian producers of steel and other metal products were added to the list of sanctions in early January by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

    The U.S. experts declared that the Islamic Republic of Iran fought the so-called U.S. maximum pressure policy for the past three years, and the Trump administration did not achieve any of its goals against of sanctions imposed on Iran.

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