The United States has imposed new sanctions on nine individuals and entities accused of supporting weapons procurement operations for Iran’s military establishment, including the Islamic Revolutionary Guard Corps and Iran’s Ministry of Defense.
The measures were announced by the US Department of the Treasury as part of its ongoing economic pressure campaign targeting Iran’s defense and financial networks.
US Treasury Secretary Scott Bessent noted that Washington is working to disrupt overseas supply chains that help Iran acquire military equipment and weapons. He added that the US has frozen assets linked to the Iranian government and will continue targeting organizations that support Tehran’s military capabilities.
The sanctions target individuals and companies based in China and Hong Kong that Washington alleges facilitated arms-related procurement for Iranian military institutions. A Hong Kong-based company was also accused of operating within a covert financial network used to process transactions linked to weapons deals.
In parallel, the US Department of State announced sanctions against two companies and two individuals in Iran and Belarus over activities connected to Iran’s conventional arms trade.
US officials said the broader campaign aims to restrict Iran’s ability to generate, transfer and access funds by targeting banking networks, oil-trading operations, shipping activities and military supply chains.
The Treasury Department also warned that companies and financial institutions could face US penalties if they comply with Iranian demands related to transit through the Strait of Hormuz, including payments, guarantees, maritime services or the sharing of sensitive vessel information.
Under the new sanctions, all assets belonging to the designated individuals and entities that fall under US jurisdiction will be frozen, while foreign financial institutions could face secondary sanctions for conducting significant transactions with those targeted.
Follow the latest news on Google News
