US Sanctions Five Iranian Missile Entities

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On Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five Shahid Bakeri Industrial Group (SBIG) subordinates: Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center, and Shahid Shustari Inudstries. All of these entities are assessed to be responsible for different stages in the development and production of Iran’s ballistic missiles. For example, Shahid Kharrazi Industries is responsible for the development and production of guidance and control systems, and Shahid Moghaddam Industries is responsible for the development and production of motor cases, ballistic missile launchers, and ground support equipment. Secretary of the Treasury, Steven Mnuchin, stated, “These sanctions target key entities involved in Iran’s ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people.” These new sanctions precede a January 11 presidential decision on whether to certify Iranian compliance with the JCPOA and on waiving economic sanctions that were lifted as part of the 2015 Iran Nuclear Deal. Waivers must be renewed every 120 days.