The Treasury Department on Friday announced a new wave of sanctions against eight entities and one individual that were responsible for procuring machinery for Iran’s military, as it engages in conflict with Israel.
The move is meant to weaken Iran’s military amid the conflict, and comes as countries warn Iran is close to developing a nuclear weapon after it increased its production of near weapons-grade uranium.
The department said the entities and individual were targeted “for their involvement in the procurement and transshipment of sensitive machinery for Iran’s defense industry.” One vessel used to transport sensitive technologies to Iran was also identified as blocked property.
“The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that underpin the regime’s ballistic missile, unmanned aerial vehicle, and asymmetric weapons programs. We have been clear: those who enable these schemes will be held accountable,” Treasury Secretary Scott Bessent said.
“Treasury will continue to degrade Iran’s ability to produce and proliferate these deadly weapons, which threaten regional stability and global security,” he added.
The new actions target:
Hong Kong-based Unico Shipping
Shun Kai Xing, a bulk carrier owned by Unico Shipping
Zhang Yanbang, shipmaster of the Shun Kai Xing
China-based Futech
Hong Kong-based Athena Shipping
Singapore-based V-Shipping
China-based Shenzhen Xinxin Shipping
Turkey-based Edis Dis Ticaret Limited Sirketi.
The sanctions mean that all property, and interests in the property, of the people and entities listed above that are in the United States or in the possession or control of U.S. persons are blocked and need to be reported to the Treasury’s Office of Foreign Assets Control.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
