Treasury Dept Sanctions 5 Companies for Support to Iran’s Ballistic Missile Program

1 min read

The Treasury Department has prohibited from dealing with the U.S. five Iran-based companies for their involvement in activities that support the Middle Eastern country’s ballistic missile development efforts.

The five entities are considered subordinates to Iran-based Shahid Bakeri Industrial Group that has been sanctioned by the U.S., United Nations and the European Union for its role as a developer and manufacturer of solid-propellant ballistic missiles for Iran, the Treasury said Thursday.

The five Iranian entities include:

  • Shahid Eslami Research Center
  • Shahid Kharrazi Industries
  • Shahid Moghaddam Industries
  • Shahid Sanikhani Industries
  • Shahid Shustari Industries

“These sanctions target key entities involved in Iran’s ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people,” said Treasury Secretary Steven Mnuchin.

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