Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

US Imposes Iran-Related Sanctions on Individuals, Companies

The US Treasury Department building is seen next to an almost empty 15th Street at noon in Washington, March 13, 2020. (AFP)

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 the Trump administration’s latest move to increase pressure on Tehran.

The US Treasury Department in a statement accused the companies and individuals of facilitating the procurement of sensitive goods, including US-origin electronic components, for Iran Communication Industries, an Iranian military firm blacklisted by Washington and the European Union.

The firm produces military communication systems, avionics and missile launchers, among other items, the Treasury said.

Tuesday’s action, taken under an authority that imposes sanctions on weapons of mass destruction proliferators and their supporters, freezes any US assets of those blacklisted and generally bars Americans from dealing with them.

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

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

Tensions between Washington and Tehran have soared since President Donald Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by President Barack Obama and began reimposing US sanctions that had been eased under the accord.

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

Soltech Industry Co., Ltd., DES International Co., Ltd., and one of its employees blacklisted Tuesday, Chin Hua Huang, were also charged in the United States District Court for the District of Columbia with criminal conspiracy to violate Iranian sanctions, the Department of Justice said in a statement.

“Violations of the sanctions diminish their effectiveness and delay the day when Iran will cease its belligerent activity,” Assistant Attorney General for National Security John Demers said in the statement.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.