OFAC Sanctions Iranian Companies, Chairman for Ties to Nuclear Efforts
The Office of Foreign Assets Control this week sanctioned five Iranian companies and one person for supporting entities that work on Iran's nuclear program, including the Atomic Energy Organization of Iran and the Iran Centrifuge Technology Co. OFAC said the designations target companies procuring or making critical technologies for the two Iranian organizations.
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The U.S. sanctioned Iran-based Atbin Ista Technical and Engineering Co. -- along with its chairman, Majid Mosallat -- which has helped the Iran Centrifuge Technology Co. buy parts from foreign suppliers. OFAC also designated Pegah Aluminum Arak Co. for making aluminum products for the Iran Centrifuge Technology Co., Thorium Power Co. for developing thorium-fueled reactor technologies, Pars Reactors Construction and Development Co. for working on Iran-related nuclear reactor projects, and Azarab Industries Co. for building power plant, refinery, petrochemical and cement projects for Iran.
The Treasury Department said the sanctions are part of the Trump administration's maximum pressure campaign against Iran (see 2502050020).