US Treasury targets Iran's automotive and rail sectors under Operation Economic Outcast

Scott Bessent: Scott Bessent serves as U.S. Secretary of the Treasury and oversees the implementation of sanctions policy. He is quoted in the news emphasizing how today's actions under Operation Economic Outcast target Iranian enablers and reduce the regime's ability to fund its activities. Zamyad Company: Zamyad Company is a SAIPA subsidiary that manufactures commercial cars. It is included in the designations for its activities in the automotive sector supporting the Iranian regime. Ramin Keshvardoust: Ramin Keshvardoust is a Hong Kong-based Iranian and Dominican businessman who controls companies facilitating shipments of Iranian steel and oil. He is designated for operating in the iron, steel, aluminum, or copper sector and using shell companies for sanctions evasion. Iran Khodro Company: Iran Khodro Company is Iran's largest automaker and maintains close ties to the Islamic Revolutionary Guard Corps. It is being designated today for operating in Iran's automotive sector as part of broader efforts to dismantle regime revenue streams. Iranian rail sector: Iran's rail sector includes state-owned and private companies providing passenger, freight, and logistical services that the regime increasingly relies on amid declining oil revenues. The news reports new designations targeting key rail operators to disrupt the sector's role in sustaining the economy and evading sanctions. Pars Khodro Company: Pars Khodro Company is a SAIPA subsidiary responsible for manufacturing passenger cars. It is designated today for operating in Iran's automotive sector. HEPCO Shanghai Co., Ltd: HEPCO Shanghai Co., Ltd is the China-based subsidiary of Heavy Equipment Production Company that procures materials for its Iranian operations. It is designated for being owned or controlled by the parent company. Hessenberg Co., Limited: Hessenberg Co., Limited, also known as Jedburgh Co., Limited, is a Hong Kong-based company that supplies auto parts to major Iranian automakers. It is designated for operating in Iran's automotive sector. Mobarakeh Steel Company: Mobarakeh Steel Company is one of Iran's largest companies and the largest steel producer in the Middle East. It received shipments of materials from designated foreign suppliers under the relevant sectoral sanctions. Traco International FZE: Traco International FZE is a UAE-based entity involved in international trade activities with Iranian steel producers. It is designated for operating in Iran's iron, steel, aluminum, or copper sector. Khouzestan Steel Company: Khouzestan Steel Company is one of Iran's largest steel producers. It is referenced in the context of international trade and payments involving designated facilitators under sanctions targeting the iron, steel, aluminum, or copper sector. Integrated Auto Parts LLC: Integrated Auto Parts LLC is a UAE-based company that facilitates shipments of auto parts to Iran. It is designated for operating in the automotive sector and enabling sanctions evasion. Iranian automotive sector: Iran's automotive sector is the country's largest economic sector outside of oil and gas and serves as a major revenue source and component of its defense industrial base. The news highlights its deep ties to the regime and Islamic Revolutionary Guard Corps through corruption, patronage networks, and sanctions evasion, prompting new U.S. sectoral sanctions. Iran Khodro Diesel Company: Iran Khodro Diesel Company is a subsidiary of Iran Khodro focused on manufacturing buses, trucks, and diesel engines. It is designated for its role in the automotive sector tied to regime interests. Mehnoosh Poursaraf Hamedani: Mehnoosh Poursaraf Hamedani is a Hong Kong-based Iranian and Dominican businesswoman who is a shareholder in companies controlled by Ramin Keshvardoust. She is designated for being owned or controlled by or acting for those entities in the iron, steel, aluminum, or copper sector. Niroo Motor Damavand Company: Niroo Motor Damavand Company is a subsidiary of the Niroo Motor Group involved in manufacturing. It is designated for its role in Iran's automotive sector and connections to regime entities. Raja Passenger Trains Company: Raja Passenger Trains Company is a primary passenger rail operator that took over certain services from the state railway. It faces designation for its activities in Iran's rail sector. Silver Line Metal Trading LLC: Silver Line Metal Trading LLC is a UAE-based company that sells stainless steel products to Iranian steel producers. It is designated for operating in Iran's iron, steel, aluminum, or copper sector. U.S. Department of the Treasury: The U.S. Department of the Treasury is the federal agency responsible for managing U.S. government finances and enforcing economic sanctions through its Office of Foreign Assets Control. In this news, it is leading Operation Economic Outcast by designating numerous Iranian entities and foreign facilitators across automotive, rail, and related industrial sectors to isolate the Iranian regime. Islamic Revolutionary Guard Corps: The Islamic Revolutionary Guard Corps is a branch of Iran's armed forces with significant economic and political influence. The news describes its cooptation of Iran's automotive, rail, and other industrial sectors to generate revenue and support its operations through corruption and sanctions evasion. Heavy Equipment Production Company: Heavy Equipment Production Company is one of the Middle East's largest manufacturers of mining and road construction machinery in Iran. It is designated for operating in the manufacturing sector and supplying equipment used by the Islamic Revolutionary Guard Corps. PT Golden Motorcycle International: PT Golden Motorcycle International is an Indonesia-based company that has shipped auto parts to designated Iranian entities. It is designated for operating in Iran's automotive sector. Tech-Trade International Impex GmbH: Tech-Trade International Impex GmbH is a Germany-based company that has supplied precursor materials to Iranian steel producers. It is designated for providing material support to entities in Iran's iron, steel, aluminum, or copper sector. Sherkat-E Rah Ahan-E Khamle-O-Naghle: Sherkat-E Rah Ahan-E Khamle-O-Naghle, also known as the Railway Transportation Company, is a key private freight operator in Iran. It is designated for supporting notable railway activities in the rail sector. Tanex Global Trading Hong Kong Limited: Tanex Global Trading Hong Kong Limited is a Hong Kong-based entity involved in supplying auto parts to Iranian manufacturers. It is designated for operating in the automotive sector. Islamic Republic of Iran Railway Company: Islamic Republic of Iran Railway Company is a state-owned railroad providing passenger and freight services across Iran. It is designated for operating in the rail sector that sustains the regime's economy and logistics. SAIPA Iranian Automobile Manufacturing Company: SAIPA Iranian Automobile Manufacturing Company is Iran's second-largest automaker and produces vehicles alongside its parent group. It faces designation for operating in the automotive sector and contributing to the regime's industrial and financial networks. Niroo Motor Shiraz Industrial and Manufacturing Company: Niroo Motor Shiraz Industrial and Manufacturing Company is Iran's largest motorcycle manufacturer and part of the Niroo Motor Group, with ties to the Islamic Revolutionary Guard Corps and Basij. It is designated for operating in the automotive sector and using prison labor. Troy Trading Arac Parcalari Sanayi Ve Ticaret Limited Sirketi: Troy Trading Arac Parcalari Sanayi Ve Ticaret Limited Sirketi is a Turkey-based supplier that has sent truck parts to Iranian entities tied to the armed forces. It is designated for operating in the automotive sector. Operation Scope: Operation Economic Outcast targets Iran's remaining industrial sectors to sever revenue sources after oil revenues have been curtailed by maritime measures. Sectoral Sanctions: New determinations under Executive Order 13902 authorize sanctions on any entity operating in Iran's automotive or rail sectors. International Reach: Designations extend to foreign suppliers and facilitators in the Middle East, East Asia, and Europe that sustain Iranian industries.