US Sanctions Iranian, Chinese Entities Involved in Intercontinental Ballistic Missiles Development

The U.S. Treasury Department on May 14 sanctioned six persons and 12 entities for their involvement in the Iranian regime’s missile program, including groups that are needed by Iran to build its own intercontinental ballistic missiles. “The United States cannot allow Iran to develop intercontinental ballistic missiles,” Secretary of the Treasury Scott Bessent stated, adding that the development “represents an unacceptable threat to the United States and the stability of the region.” The May 14 sanctions are pursuant to a February presidential memo that orders agencies to deny Iran nuclear and intercontinental ballistic missiles and a 2005 executive order to block weapons of mass destruction. The United States in 2017 determined that the Islamic Revolutionary Guard Corps (IRGC) and its affiliates are engaging in the proliferation of weapons of mass destruction....