Treasury’s Office of Foreign Assets Control (OFAC) targeted 16 individuals and two entities enabling Iran’s UAV production, including engine types that power Iran’s Shahed variant UAVs, which were used in the April 13 attack on Israel.
These actors work on behalf of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), its UAV production arm, Kimia Part Sivan Company (KIPAS), and other Iranian manufacturers of UAVs and UAV engines.
OFAC is also designating five companies in multiple jurisdictions providing component materials for steel production to Iran’s Khuzestan Steel Company (KSC), or purchasing KSC’s finished steel products. KSC is one of Iran’s largest steel producers, including its top producer of steel bars. The sanctioned entities are traders in Dubai, Türkiye, Honk Kong and Germany.
OFAC is also sanctioning three subsidiaries of Iranian automaker Bahman Group, which have continued to materially support the IRGC and other entities designated pursuant to counterterrorism authorities, including Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL). Bahman Group itself is being concurrently designated for owning these entities.
Concurrent with this action, the United Kingdom is imposing sanctions targeting several Iranian military organizations, individuals and entities involved in Iran’s UAV and ballistic missile industries.
The Department of Commerce’s Bureau of Industry and Security (BIS) is also imposing new controls to restrict Iran’s access to technologies, such as basic commercial grade microelectronics. These controls also apply to items manufactured outside the U.S. that are produced using U.S. technology. [Story]
Click here for more information on the individuals and entities designated today.
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