U.S. Treasury sanctions Iranians, Chinese for supporting Assad

Treasury Secretary Steve Mnuchin announced Wednesday the U.S. government has sanctioned seven Iranian and Chinese entities for providing missile systems to the Syrian government. Pool Photo by Ron Sachs/UPI | License Photo

May 18 (UPI) — The U.S. Treasury Department on Wednesday sanctioned seven entities in Iran and China for selling missile systems to Syrian President Bashar al-Assad.

Two top Iranian defense officials were named personally for allegedly providing missile technology to the Syrian government, along with a Chinese electronics company the Treasury Department said manufactured missile-guiding technology on behalf of Iran.

The Treasury Department froze U.S. assets belonging to the Iranian officials, Morteza Farasatpour and Rahim Ahmadi. The same was done for Chinese national Ruan Runling and three associated businesses, along with the Iranian company Matin Sanat Nik Andishan. The designations also make it illegal for U.S. banks, companies or citizens to do do business with them.



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