Treasury Targets Iran’s Efforts to Domestically Manufacture Key Ballistic Missile Components

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating six individuals and 12 entities for their involvement in efforts to help the Iranian regime domestically source the manufacturing of critical materials needed for Tehran’s ballistic missile program. Those sanctioned support the various Islamic Revolutionary Guard Corps (IRGC) sub-organizations that oversee the effort to help Iran domestically develop carbon fiber materials needed to manufacture intercontinental ballistic missiles. Today’s action is being taken in furtherance of National Security Presidential Memorandum-2, which directs that Iran be denied intercontinental ballistic missiles and that the IRGC and its surrogates be disrupted, degraded, or denied access to the resources that sustain their destabilizing activities.“The United States cannot allow Iran to develop intercontinental ballistic missiles.