Shafaq News – Washington
On Wednesday, the US Treasury’s Office of Foreign AssetsControl (OFAC) sanctioned 21 entities and 17 individuals accused of supplyinggoods and technology to Iran’s Ministry of Defense.
OFAC identified an Iran-based procurement network linked tothe Aerospace Industries Organization (AIO) and its Shahid Bakeri IndustrialGroup (SBIG), which oversees Iran’s solid-fuel ballistic missile program.Another network operating in Iran, Hong Kong, and China allegedly sourcedUS-made electronics for Shiraz Electronics Industries (SEI), a producer ofradars and missile-guidance systems.
A third network spanning Iran, Germany, Turkiye, Portugal,and Uruguay was accused of procuring equipment—including a US-originhelicopter—for Iran Helicopter Support and Renewal Company (PANHA), whichservices aircraft used by the Islamic Revolutionary Guard Corps (IRGC).
Treasury confirmed that all property of those designatedunder US jurisdiction is frozen and that US persons are barred fromtransactions without authorization. It warned that foreign financialinstitutions face secondary sanctions for significant dealings with the listedparties.
The measures were introduced under the UN “snapback”sanctions requiring member states to reimpose restrictions on Iran’s nuclear,missile, and arms programs. They mark the first sanctions issued by the Trumpadministration since the snapback took effect last week.
Read more: Baghdad strains to navigate renewed Iran sanctions
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