Tehran, Iran

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned five Iran-based entities subordinate to a key element of Iran's ballistic missile program. Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center, and Shahid Shustari Industries are being designated pursuant to Executive Order (E.O.) 13382 for being owned or controlled by Iran's Shahid Bakeri Industrial Group (SBIG). SBIG, which is responsible for the development and production of Iran's solid-propellant ballistic missiles, is listed in the Annex to E.O. 13382 and is currently sanctioned by the U.S., UN, and EU. Shahid Kharrazi Industries is subordinate to SBIG and is responsible for the development and production of guidance and control systems for solid-propellant ballistic missiles. Shahid Sanikhani Industries is subordinate to SBIG and is responsible for casting and curing solid-propellant for Iran's solid-propellant ballistic missiles. Shahid Moghaddam Industries is subordinate to SBIG and is responsible for the development and production of solid-propellant missile motor cases, ballistic missile launchers, and ground support equipment. Shahid Eslami Research Center is subordinate to, and serves as the research and development organization within, SBIG. Shahid Shustari Industries is subordinate to, and likely was created for the development of fiber materials for, SBIG.

https://home.treasury.gov/news/press-releases/sm0246

2005-06-29

US

Iranian Financial Sanctions Regulations, 31 CFR part 561

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

On August 16, 2010, OFAC issued the Iranian Financial Sanctions Regulations, 31 CFR part 561 (75 FR 49836, August 16, 2010) (IFSR) to implement provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195) (22 U.S.C. 8501–8551). Since then, OFAC has amended the IFSR several times.

SDN