The US sanctioned 32 individuals and entities linked to Iran’s missile program.
On Wednesday, November 11, the US Treasury Department sanctioned 32 individuals and entities in Iran, the UAE, Turkey, China, Hong Kong, India, Germany, and Ukraine for supporting Iran’s ballistic missile and drone programs as part of its maximum pressure campaign against the Islamic Republic of Iran.
The Office of Foreign Assets Control (OFAC) of the Treasury Department announced that these networks supply key components, including missile fuel precursors, to Iran’s defense industries, and their activities pose a threat to US personnel and allies in the Middle East and commercial shipping in the Red Sea.
John C. Hurley, Deputy Secretary of the Treasury for Terrorism and Financial Intelligence, stated that the aim of this action is to prevent the development of Tehran’s nuclear threat and conventional weapons, and called on the international community to fully enforce UN sanctions to cut off the Islamic Republic’s access to the global financial system.
These sanctions specifically target a three-person international network called MVM Partnership, which has been responsible for procuring missile fuel raw materials from China for the Parchin Chemical Industries.
