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US imposes Iran-related sanctions on six companies, four individuals

November 10, 2020
The United States on Tuesday imposed Iran-related sanctions on six companies and four people, accusing the network of supplying sensitive goods to an Iranian military firm. — Courtesy photo
The United States on Tuesday imposed Iran-related sanctions on six companies and four people, accusing the network of supplying sensitive goods to an Iranian military firm. — Courtesy photo

WASHINGTON — The United States on Tuesday imposed Iran-related sanctions on six companies and four people, accusing the network of supplying sensitive goods to an Iranian military firm.

In a statement, the US Treasury Department accused the companies and individuals of facilitating the procurement of sensitive goods, including US-origin electronic components, for Iran Communication Industries (ICI), an Iranian military firm designated by the United States in 2008 and by the European Union in 2010 for being owned or controlled by Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), the overall manager and coordinator of Iran’s ballistic missile program.


ICI, a subsidiary of Iran Electronics Industries, which falls under MODAFL, produces various items including military communication systems, avionics, information technology, electronic warfare, and missile launchers, the statement said.

“The Iranian regime utilizes a global network of companies to advance its destabilizing military capabilities,” said Secretary Steven T. Mnuchin.

“The United States will continue to take action against those who help to support the regime’s militarization and proliferation efforts.”

The US move is aimed at freezing the assets of proliferators of weapons of mass destruction (WMD) and their supporters.

It blacklisted companies are Iran-based Hoda Trading; Hong Kong-based Proma Industry Co., Ltd.; DES International Co., Ltd.; Soltech Industry Co., Ltd.; China-based Naz Technology Co., Ltd.; and Iran-based Artin San’at Tabaan Company, as well as several individuals. — Agencies


November 10, 2020
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