Turkey Freezes Assets of Iranian Individuals, Institutions

Turkey has announced the freezing of assets, funds and bank accounts belonging to 20 Iranian individuals and 18 institutions over their links to Iran’s nuclear program.

The decision, issued on Wednesday through an executive decree by President Recep Tayyip Erdoğan, targets people and organizations allegedly involved in nuclear development activities, including shipping companies, energy firms and research centres.

The move comes after the activation of the snapback mechanism and in coordination with United Nations sanctions. It follows a joint announcement by Western powers, including the United States, Canada and the United Kingdom, to reinstate UN sanctions on Tehran alongside new restrictions on Iran’s nuclear and missile programs.

The asset freeze in Turkey applies to individuals and companies across several sectors, from nuclear facilities to shipping, energy and research entities.

Among the institutions named are the Atomic Energy Organization of Iran, Bank Sepah, Bank Sepah International, the Isfahan Nuclear Fuel Research and Production Centre, the Isfahan Nuclear Technology Centre, the Karaj Nuclear Research Centre, the Agricultural and Medical Nuclear Research Centre, the Iran–India Shipping Company, Novin Energy Company, Pars Tarash Company, Jaber Ibn Hayan Company, Pishgam Energy Industries and the Southern Iran Shipping Lines.

The list of individuals includes Bahman Askarpour, Mohammad Fadaei Ashiani, Abbas Rezaei Ashtiani, Haleh Bakhtiar, Morteza Behzad and Hossein Hosseini, among others.