Targeting Iran’s UAV Program, Steel Industry, and Automobile Companies

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ISLAMIC REPUBLIC OF IRAN by Wikipedia
ISLAMIC REPUBLIC OF IRAN by Wikipedia
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Targeting Iran’s UAV Program, Steel Industry, and Automobile Companies
18 April 2024

Matthew Miller, US Department Spokesperson

In response to Iran’s unprecedented attack on Israel, the United States is taking sweeping actions against several actors involved in Iran’s unmanned aerial vehicle (UAV) program, suppliers and customers of one of Iran’s largest steel producers, and Iranian automobile companies with connections to U.S.-designated entities Islamic Revolutionary Guard Corps (IRGC) and the Ministry of Defense and Armed Forces Logistics (MODAFL).

The Department of the Treasury is imposing sanctions on 16 individuals and two entities that are enabling Iran’s UAV production and testing, as well as proliferation to actors that work on behalf of the IRGC; its UAV production arm, Kimia Part Sivan Company; and other Iranian manufacturers of UAVs and UAV engines. Treasury is also sanctioning five companies that provide component materials for steel production to Iran’s Khuzestan Steel Company (KSC), a U.S.-designated entity, or purchase KSC’s finished steel products.

Additionally, Treasury is sanctioning Iranian automaker Bahman Group and three of its subsidiaries, which have continued to materially support the IRGC and other designated entities, including MODAFL.

Finally, the Department of Commerce is imposing new controls to restrict Iran’s access to technologies such as basic commercial grade microelectronics. These controls also apply to items manufactured outside the U.S. that are produced using U.S. technology. This is in addition to the comprehensive export restrictions already imposed on Iran, including controls targeting Iran’s involvement in supplying UAVs in support of Russia’s illegal war in Ukraine.

We will continue to work with our allies and partners to employ the full range of the tools at our disposal to address the revenue streams and disrupt the networks that support Iran’s reckless proliferation of weapons that destabilize the Middle East and beyond.

The Department of the Treasury actions were taken pursuant to Executive Orders (E.O.) 13382, a counterproliferation authority; E.O.13871, which imposes sanctions with respect to the iron, steel, aluminum, and copper sectors of Iran; and E.O. 13224, as amended, a counterterrorism authority. For more information on today’s action, please see Treasury’s press release .

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Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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