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.