US Sanctions Fugo Ground Services Inc Over Support for Iranian Airlines
Key Facts
The US Treasury Department sanctioned Turkey-based Fugo Ground Services Inc for providing services to six blacklisted Iranian airlines. Yahoo News Singapore reported that the measures also targeted a network led by Suniel Kumar Sharma and several connected Indian entities for supporting Iran's aviation and financial sectors.
The specific Iranian carriers receiving support included Iran Air Tour and Ata Airlines Company. This enforcement action occurred as Turkey's annual inflation rate reached 29.77% and its trade deficit hit $6.7 billion on November 3, 2026, with the secondary sanctions designed to block international logistics and financial flows to Iranian interests.
Latest Updates · 3
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Update: The US Treasury expanded its sanctions on November 5, 2026, to include Jaspreet Preeti Shahid and two other Indian nationals. This action, part of "Operation Economic Outcast," targets the provision of fraudulent maritime certifications used for transporting Iranian petroleum.
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Update: The United States expanded its Iran-related sanctions to include two individuals and one entity, including Vanguard Tactical Supply Limited. The measures target the facilitation of Iran's procurement of Chinese-origin air defense systems through international networks involving Belarus, Russia, and Nigeria.
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Update: The US Treasury Department revealed that these sanctions are part of a broader initiative titled Operation Economic Outcast. The operation specifically targets entities that provided fraudulent maritime certifications to facilitate the international transport of Iranian petroleum.