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New US Sanctions Hit Iran Military Procurement Networks

The US Treasury Department announced sweeping sanctions against 10 individuals and companies accused of supporting Iran's military procurement networks. The sanctions target entities involved in acquiring weapons, UAV components, and missile-related materials for Iran. Treasury Secretary Scott Bessent stated the actions are part of President Trump's "Economic Fury" campaign. The measures aim to curb Iran's ballistic missile development and regional military influence.

Key Points: US Sanctions Target Iran Military Procurement

  • US Treasury sanctions 10 individuals and companies for aiding Iran's military procurement
  • Targets include networks linked to IRGC and Iran's UAV/ballistic missile programs
  • Sanctions cover entities in China, Hong Kong, Belarus, and Iran
  • Part of Trump's "maximum pressure" strategy to curb Iran's military influence
2 min read

New US sanctions target Iran's military procurement networks under Trump's "Economic Fury" campaign

US Treasury sanctions 10 entities for aiding Iran's weapons procurement, including UAV and missile components, under Trump's "Economic Fury" campaign.

"While the surviving IRGC leaders are trapped like rats in a sinking ship, the Treasury Department is unrelenting in our Economic Fury campaign. - US Treasury Secretary Scott Bessent"

Washington DC, May 9

The US Treasury Department on Friday announced sweeping new sanctions targeting individuals and companies accused of helping Iran procure weapons, UAV components and missile-related materials as part of the US President Donald Trump administration's "Economic Fury" campaign.

In a statement, the Treasury Department's Office of Foreign Assets Control (OFAC) said it sanctioned 10 individuals and companies operating across West Asia, Asia and Eastern Europe that allegedly supported Iran's military procurement networks, including efforts linked to the Islamic Revolutionary Guard Corps and Iran's Shahed-series unmanned aerial vehicles (UAVs) and ballistic missile programme.

According to the Treasury Department, the sanctions targeted procurement networks linked to the Center for Progress and Development of Iran (CDPI), previously known as the Center for Innovation and Technology Cooperation (CITC), which Washington accuses of coordinating Iranian technology and weapons acquisitions.

"While the surviving IRGC leaders are trapped like rats in a sinking ship, the Treasury Department is unrelenting in our Economic Fury campaign," said US Secretary of the Treasury Scott Bessent.

"Under President Trump's decisive leadership, we will continue to act to keep America safe and target foreign individuals and companies providing Iran's military with weapons for use against US forces," he added.

Among those sanctioned were China-based Yushita Shanghai International Trade Co Ltd, Hong Kong-based AE International Trade Co Limited, HK Hesin Industry Co Limited, Belarus-based Armoury Alliance LLC, and several individuals accused of facilitating procurement activities on behalf of Iran.

Treasury also designated Hong Kong-based Mustad Limited for allegedly facilitating financial transactions tied to the IRGC's weapons procurement operations.

In a separate action, OFAC targeted Iran-based Pishgam Electronic Safeh Company (PESC), which the US alleges procured servomotors recovered from downed Shahed-136 drones for the IRGC Aerospace Force Self Sufficiency Jihad Organization (IRGC ASF SSJO).

China-based Hitex Insulation Ningbo Company Limited and its legal representative, Li Genping, were also sanctioned for allegedly supplying aerospace-grade materials, including carbon fibre and honeycomb fabric, for Iran's UAV and ballistic missile programmes.

The Treasury Department said the measures are part of President Trump's renewed "maximum pressure" strategy aimed at curbing Iran's ballistic missile development, weapons procurement activities and regional military influence.

According to the Treasury, under the sanctions, all US-based property and interests linked to the designated individuals and entities are blocked, while foreign financial institutions engaging with them could face secondary sanctions.

- ANI

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Reader Comments

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Priya S
Trump's 'maximum pressure' policy is back with a vengeance. But honestly, these sanctions have been going on for years, and Iran still manages to get what it needs. The real question is: will India get caught in the crossfire? We have the Chabahar port project with Iran, and that's crucial for Afghanistan trade. Washington should give us a pass. 🇮🇳
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James A
I understand the need to curb Iran's missile program, but 'Economic Fury' sounds like something out of a video game. Treasury Secretary Bessent calling IRGC leaders 'rats in a sinking ship' is unusual diplomatic language. Still, if these sanctions prevent weapons ending up with Houthis or Hezbollah, that's good for regional stability.
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Vikram M
China-based companies supplying carbon fibre and aerospace materials to Iran's UAV program? Classic case of globalisation gone rogue. India needs to be cautious - our companies dealing with Iran or Russia might get caught in these secondary sanctions. The Shahid-class drones are a real threat, but US unilateralism isn't the only answer. UN should take lead.
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Sarah B
First 'maximum pressure', then 'economic fury' - the naming is getting creative. But these sanctions rarely change Iran's behaviour; they just make life harder for ordinary Iranians. And when China and Russia are still trading with Iran, what's the real impact? India should maintain its independent foreign policy - we can't be dictated by Washington on every issue.
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Aditya G
As an Indian, I'm watching this closely. The Houthis use Iranian drones against ships in the Red Sea, and that affects our trade routes. So

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