New sanctions on Iran announced by Trump administration

The Trump administration on Friday imposed sanctions against multiple entities and people involved in procuring materials and technology to support Iran’s ballistic missile program and the Iran’s Islamic Revolutionary Guard. The move comes after Iran conducted a ballistic missile test Sunday.

“Iran’s continued support for terrorism and development of its ballistic missile program poses a threat to the region, to our partners worldwide, and to the United States.  Today’s action is part of Treasury’s ongoing efforts to counter Iranian malign activity abroad that is outside the scope of the JCPOA,” said John E. Smith, director of the Treasury Department’s Office of Foreign Assets Control. “We will continue to actively apply all available tools, including financial sanctions, to address this behavior.” 

The Treasury Department said that the sanctions are consistent with the Iranian nuclear deal’s guidelines and as a result of the sanctions, “all property and interests in property of those designated today subject to US jurisdiction are blocked, and US persons are generally prohibited from engaging in transactions with them.”

The sanctions target a longtime procurement agent for the ballistic missile program as well as eight people and entities in his Iranian-based and China-based network. They also target an Iranian procurement company and its network based in the Persian Gulf and five people and entities that are part of an Iranian-based procurement network.

Treasury’s Office of Foreign Assets also designated a group supporting the revolutionary guard that works with Hezbollah based in Lebanon.