Washington, D.C. — The U.S. Department of the Treasury today announced sweeping sanctions against 32 individuals and entities operating across Iran, the United Arab Emirates, Türkiye, China, Hong Kong, India, Germany, and Ukraine for supporting Iran’s ballistic missile and unmanned aerial vehicle (UAV) production.
“Across the globe, Iran exploits financial systems to launder funds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” said Under Secretary for Terrorism and Financial Intelligence John K. Hurley. “At the direction of President Trump, we are putting maximum pressure on Iran to end its nuclear threat.”
Treasury officials said the sanctioned networks directly threaten U.S. and allied personnel in the Middle East and commercial shipping in the Red Sea. OFAC emphasized that the action is aimed at disrupting supply chains that Iran is attempting to reconstitute after weapons-related losses in the 12-Day War.
This enforcement action is the second round of nonproliferation sanctions issued since the United States reimposed UN sanctions on September 27, 2025 as a result of Iran’s continued violations of its international commitments. It is also part of the U.S. government’s implementation of National Security Presidential Memorandum 2, which directs efforts to curtail Iran’s missile programs and block the Islamic Revolutionary Guard Corps (IRGC) from accessing resources.
OFAC designated individuals and companies tied to Iran’s procurement of missile propellant ingredients—including sodium chlorate, sodium perchlorate, and sebacic acid—via a multinational venture known as the “MVM partnership.” The network allegedly supplied hundreds of metric tons of materials to Parchin Chemical Industries, a component of Iran’s Defense Industries Organization.
Sanctions also target entities tied to procurement for the IRGC-Qods Force’s UAV program, including Iranian Baspar Puya Company and Pars Navandishan Artificial Intelligence Projects Company, which Treasury says produced UAV components and provided technical support to KIPAS, a previously sanctioned UAV manufacturer.
In addition, OFAC designated an extensive proliferation-finance network supporting Oje Parvas Mado Nafar Company, producer of engines for Iran’s Shahed-series UAVs. This network allegedly moved millions of dollars through China- and Hong Kong-based firms to acquire aerospace components.
A separate set of sanctions targets procurement efforts for Iran Aircraft Manufacturing Industrial Company (HESA), including front companies in Ukraine used to source aircraft parts for Iran’s Ababil-series UAVs. OFAC also updated the listing for a bulk carrier formerly known as SHUN KAI XING—now renamed HONESTAR—which Treasury says attempted to move sensitive machinery used for missile guidance systems.
As a result of the designations, all U.S.-linked property and interests belonging to sanctioned individuals or entities are blocked, and U.S. persons are prohibited from conducting transactions with them. Treasury warned that foreign financial institutions risk secondary sanctions if they knowingly facilitate significant transactions for designated persons.
OFAC emphasized that while its sanctions are designed to disrupt Iran’s weapons programs, the ultimate goal is to “bring about a positive change in behavior,” noting that sanctioned parties may petition for removal under federal guidelines.
About the Author
Discover more from Right Now Oregon
Subscribe to get the latest posts sent to your email.
