US Treasury Lifts Sanctions on Fly Baghdad Airlines
- Treasury Department has lifted sanctions against Fly Baghdad Airlines and two associated aircraft, according to updates on the Treasury website and reporting from Al-Monitor and Investing.com.
- government's approach to three specific entities linked to the IRGC, as reported by Reuters.
- The Iraqi airline's connection to the IRGC had previously made it a target of U.S.
The U.S. Treasury Department has lifted sanctions against Fly Baghdad Airlines and two associated aircraft, according to updates on the Treasury website and reporting from Al-Monitor and Investing.com. The Iraqi carrier had previously been sanctioned due to its links to the Islamic Revolutionary Guard Corps (IRGC) of Iran.
The removal of these sanctions marks a shift in the U.S. government’s approach to three specific entities linked to the IRGC, as reported by Reuters. Fly Baghdad Airlines and the two aircraft are now removed from the Treasury’s list of blocked persons and entities.
The Iraqi airline’s connection to the IRGC had previously made it a target of U.S. sanctions aimed at disrupting the financial and logistical networks of the Iranian military wing.
U.S. Treasury Sanctions Adjustments and IRGC Entities
The Treasury Department’s website shows the removal of sanctions from three entities tied to the IRGC, with Fly Baghdad Airlines being a primary focus of the update.
Decrypt reports that the U.S. Treasury has simultaneously sanctioned other Iranian firms that have been accepting Bitcoin to facilitate passage through the Strait of Hormuz.
Regional Security Context and Maritime Tensions
The Times of India reports that Yemen’s Houthis have claimed responsibility for a missile strike on a Saudi oil tanker located off the coast of Yanbu.
Impact on Fly Baghdad Airlines
Treasury guidelines.