The U.S. Treasury Department slapped new sanctions on Iran related to its ballistic-missile program, a day after President Trump certified that the Islamic republic was in compliance with the nuclear deal signed in 2015.
The Treasury Department’s Office of Foreign Assets Control (OFAC) designated 16 entities and individuals for what it said was “engaging in support of illicit Iranian actors or transnational criminal activity.”
The sanctions target seven entities and five individuals for supporting Iran’s military or the Islamic Revolutionary Guard Corps (IRGC); also targeted: an Iran-based transnational criminal organization and three associated persons. Those targeted include a Chinese national, four Chinese companies, and a Turkish firm. Iran’s testing and development of ballistic missiles, the U.S. State Department said in a separate statement, is “in direct defiance of UN Security Council Resolution 2231,” which endorsed the nuclear agreement.
Here’s more from the Treasury’s statement:
The three networks designated today supported Iran’s military procurement or the IRGC through the development of unmanned aerial vehicles and military equipment for the IRGC, the production and maintenance of fast attack boats for the IRGC-Navy, or the procurement of electronic components for entities that support Iran’s military. The transnational criminal organization designated today, along with two Iranian businessmen and an associated entity, orchestrated the theft of U.S. and western software programs which, at times, were sold to the Government of Iran.