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US sanctions target Iranian car and railway firms
The new sanctions announced by the United States focused on reducing Iran's key revenue sources, particularly in the automotive industry, railways, and heavy industries. The sanctions targeted Iran Khodro and Saipa, the country's largest car manufacturers, as well as other companies involved in motorcycle and spare parts manufacturing, aiming to hinder their export capabilities and limit funding for the Iranian government. Additionally, the sanctions targeted companies in the railway and metal industries, including Hepco, along with firms in the UAE and Germany that support them, as well as an iron and oil export network operated by two Iranian nationals. These measures are intended to diminish Iran's ability to use these sectors for funding its activities and to increase economic pressure on the country.
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