Published: 16:38, January 6, 2021 | Updated: 06:01, June 5, 2023
US hits Iran with fresh sanctions as Trump term nears end
By Reuters

In this Feb 9, 2020 file photo, an Iranian man sifts through a waste container in the southern Tehran district of Molavi. In a country weighed down by sanctions and stressed by military tensions with the United States, many Tehranis struggle to hide their pessimism. (ATTA KENARE / AFP)

WASHINGTON -The United States on Tuesday blacklisted 12 Iranian steel and metals makers and two foreign-based sales agents of an Iranian metals and mining holding company, seeking to deprive Iran of revenues as US President Donald Trump’s term winds down.

In a statement, the US Treasury Department said the 12 Iranian companies blacklisted included the Pasargad Steel Complex and the Gilan Steel Complex Co, both of which were designated under Executive Order 13871 for operating in the Iranian steel sector.

The US Treasury Department said the 12 Iranian companies blacklisted included the Pasargad Steel Complex and the Gilan Steel Complex Co

The others are: Iran-based Middle East Mines and Mineral Industries Development Holding Co (MIDHCO), Khazar Steel Co, Vian Steel Complex, South Rouhina Steel Complex, Yazd Industrial Constructional Steel Rolling Mill, West Alborz Steel Complex, Esfarayen Industrial Complex, Bonab Steel Industry Complex, Sirjan Iranian Steel and Zarand Iranian Steel Co.

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The Treasury said it was also designating MIDHCO’s Germany-based subsidiary GMI Projects Hamburg GmbH and UK-based GMI Projects Ltd for being owned or controlled by MIDHCO.

“The Trump Administration remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support oppressive regimes, and seek weapons of mass destruction,” Treasury Secretary Steven Mnuchin said in the statement.

Trump’s term ends on Jan 20, when Democrat President-elect Joe Biden is to be sworn in to succeed him.

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