The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated 10 individuals and companies based across the Middle East, Asia and Eastern Europe for helping Iran’s military obtain weapons and raw materials used in Shahed-series unmanned aerial vehicles and the ballistic missile program. The action targets procurement intermediaries, payment facilitators and suppliers linked to the Islamic Revolutionary Guard Corps, its Aerospace Force Self Sufficiency Jihad Organization, and the Center for Progress and Development of Iran. Concurrently, the U.S. Department of State designated four entities in connection with Iran’s conventional arms activities. Those designated include Yushita Shanghai International Trade Co Ltd, Elite Energy FZCO, AE International Trade Co Limited, HK Hesin Industry Co Limited, Armory Alliance LLC, Mohammadmahdi Maleki, Mohammed Ali Tolibov and Mustad Limited in weapons procurement cases, as well as Hitex Insulation Ningbo Company Limited and Li Genping for supplying or attempting to supply millions of USD of carbon fiber, honeycomb fabric and other aerospace-grade materials to Iran-based Pishgam Electronic Safeh Company for the IRGC Aerospace Force Self Sufficiency Jihad Organization. OFAC said the measures were taken under Executive Order 13382. As a result, U.S.-held property and interests in property of the designated persons are blocked, entities owned 50 percent or more by blocked persons are also blocked, U.S. persons are generally barred from dealing with them, and participating foreign financial institutions may face secondary sanctions exposure for significant transactions involving the designated persons.
U.S. Department of the Treasury 2026-05-08
U.S. Department of the Treasury sanctions 10 individuals and companies supporting Iran weapons procurement and Shahed UAV and missile inputs
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated 10 individuals and entities across the Middle East, Asia and Eastern Europe for supporting Iran’s procurement of weapons and raw materials for Shahed-series unmanned aerial vehicles and its ballistic missile program, including suppliers of aerospace-grade materials to the Islamic Revolutionary Guard Corps’ Aerospace Force Self Sufficiency Jihad Organization. The U.S. Department of State also designated four entities linked to Iran’s conventional arms activities. The designations under Executive Order 13382 block U.S.-held property, bar U.S. persons from dealings, extend blocking to majority-owned affiliates, and expose foreign financial institutions to secondary sanctions for significant transactions.