OFAC Removes Iranian Entity, Subsidiary From SDN List
The Office of Foreign Assets Control on Oct. 8 removed Iran-based Mammut Industrial Group, its subsidiary Mammut Diesel and their aliases from the Specially Designated Nationals List. The entities, which produced and supplied military-grade, dual-use goods for Iran’s missile programs, were sanctioned in September 2020.
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The removals don't “reflect any change” in U.S. sanctions policy toward Iran and are unrelated to U.S. efforts to rejoin the Joint Comprehensive Plan of Action (see 2106240044), a Treasury spokesperson said. “The United States will continue to counter Iran’s destabilizing activities,” the spokesperson said, “including through implementation of our sanctions.”