U.S. Sanctions Group of People, Firms Tied to Iran Ballistic Program
They are alleged to have assisted in the nation's ballistic missile development
Tuesday, the U.S. said it is sanctioning a group of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program.
The network of seven people and six firms "facilitated procurement of sensitive and critical parts and technology for key actors in Iran’s ballistic missile development," including Iran’s defense ministry and its affiliated firms, according to the Treasury Department.
Among the sanctions targets are the China-based firm Zhejiang Qingji, which has allegedly sold centrifuges and other materials to an Iran-based firm affiliated with the nation’s defense ministry. Also designated for sanctions were several executives at Qingji and the Hong Kong-based Lingoe Process Engineering Limited, which Treasury said served as a front company for the Chinese firm.
Please select this link to read the complete article from The Associated Press.