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US Treasury Department Lifts Sanctions on Companies Involved in ‘Providing Support’ for Iran’s Ballistic Missile Program

US Treasury Department Lifts Sanctions on Companies Involved in ‘Providing Support’ for Iran’s Ballistic Missile Program

From: Algemiener

An advocacy group dedicated to preventing Iran from gaining nuclear capability has raised questions over a recent decision by US Treasury Department to lift sanctions on two companies heavily involved in Iran’s ballistic missile program.

The Department’s Office of Foreign Assets Control (OFAC) stated last week that it would be removing sanctions on the Mammut Industrial Group and its subsidiary Mammut Diesel. No explanation was given for the decision.

The companies were originally sanctioned in Sept. 2020, with Treasury citing their “providing support to an entity in Iran’s ballistic missile program.”

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