On May 14, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals and twelve entities involved in Iran’s efforts to domestically produce components for ballistic missiles. These sanctions target those supporting the Islamic Revolutionary Guard Corps (IRGC) and its sub-organizations in developing carbon fiber materials essential for missile manufacturing. The action aims to disrupt Iran’s supply chains and prevent the advancement of its missile capabilities.
- Key Entities Sanctioned: Advanced Fiber Development Company (AFDCO), Shanghai Tanchain New Material Technology Co Ltd, and associated individuals.
- Purpose: To impede Iran’s domestic production of ballistic missile components and hold accountable those facilitating these activities.
- Legal Basis: Sanctions imposed under Executive Order 13382 targeting proliferators of weapons of mass destruction and their supporters.
Tags #Government, #International, #Security
Lucem News Editor’s Opinion: Iran is trying to build ICBMs. Because their government exports terrorism all over the world, they cannot be allowed to do this. Now the US is exerting pressure on companies trying to help Iran to build Intercontinental Ballistic Weapons.
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