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The Biden Administration Drops Sanctions Against 2 Iranian Companies

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The Biden administration has removed sanctions against two Iranian companies. The action was announced Friday regarding Mammut Industrial Group (Mammut Industries) and its subsidiary Mammut Diesel. According to The Hill, both companies are involved in military missile programs. The two companies had both been sanctioned by the Trump administration in September 2020. The Hill reported the sanctions had been part of an increased pressure campaign on Iran over that nation’s nuclear activity. At the time, the Treasury Department had labeled the companies among the “key actors in Iran’s nuclear and ballistic missile programs.” According to The Hill, the removal of…

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