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U.S. Sanctions Iranian And Chinese Companies Over Ballistic Missiles

The United States has sanctioned seven individuals and six entities from Iran, China, and Hong Kong who the U.S. Treasury Department says have helped Tehran get key technology for ballistic missile development.

In a statement on June 6, the department’s Office of Foreign Assets Control (OFAC), accused the individuals and entities of conducting financial transactions facilitating the network to procure parts needed for missile development.

The statement said the six companies sold sensitive centrifuges, metals, and radar materials to key actors in the previously sanctioned Iranian Defense Ministry and Armed Forces Logistics (MODAFL) agency.

The sanctions come as Washington steadily increases pressure on Iran to stop expanding its missile program.

“The United States will continue to target illicit transnational procurement networks that covertly support Iran’s ballistic missile production and other military programs,” said Brian Nelson, undersecretary for terrorism and financial intelligence.

U.S. State Department spokesman Matthew Miller has called Iran’s development and proliferation of these missiles “a serious threat to regional and international security.”

He told reporters at a briefing late last month that the United States will continue to use a variety of tools, including sanctions, “to counter the further advancement of Iran’s ballistic missile program and its ability to proliferate missiles and related technology to others."

Included in the sanctions are Chinese companies Zhejiang Qingji and Lingoe Process Engineering. Additionally, the director of Zhejiang Qingji and an employee of the company have been personally designated for financial dealings and acting as transport for MODAFL in Iran.

Two other companies, Hong Kong Ke.Do International Trade and the Chinese based Qingdao Zhongrongtong Trade Development, which the Treasury Department said collaborated to sell tens of millions of dollars’ worth of metals for Iranian missile system development.

The Chinese based Beijing Shiny Nights Technology Development Company was also hit with sanctions for acting as a front company for MODAFL to procure electronics for Iranian end-users. The same accusation is levied against Iran’s defense attache in Beijing, Davoud Damghani.

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The sanctions freeze all U.S. assets held in any entity’s possession, including U.S. dollar bank accounts at foreign institutions, and bar people in the United States from dealing with the individuals and companies.

By RFE/RL

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  • Mamdouh Salameh on June 07 2023 said:
    China and Iran will merely ignore these sanctions as they have been doing since they were introduced.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

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