Mar 30, 2022 - World

U.S. sanctions key figures in Iran's ballistic missile program

A ballistic missile is seen during a military parade in Tehran, Iran on September 22, 2017.

A ballistic missile is seen during a military parade in Tehran, Iran, on Sept. 22, 2017. Photo: Fatemeh Bahrami/Anadolu Agency/Getty Images

The Treasury Department announced a new set of sanctions on Wednesday against key figures involved in Iran's ballistic missile program.

Why it matters: The sanctions were triggered by a trio of Iranian-backed missile attacks, including a missile strike in Iraq, an "Iranian enabled" Houthi missile strike of a Saudi Aramco facility, and Houthi attacks by "Iranian proxies against Saudi Arabia and the United Arab Emirates."

  • These "are a reminder that Iran’s development and proliferation of ballistic missiles continues to pose a serious threat to international security," per the Treasury Department.

Details: Mohammad Ali Hosseini, an Iranian procurement agent whose companies helped procure ballistic missile propellant-related materials for the unit of the Islamic Revolutionary Guard Corps that's responsible for the research and development of ballistic missiles, was identified as one of those targeted in sanctions, according to the U.S. Treasury.

  • Hosseini's companies also procured materials for Iran's Parchin Chemical Industries (PCI), a part of Iran’s Defense Industries Organization.
  • Several of Hosseini's companies were also sanctioned, as was a company that worked as an intermediary for PCI.
  • The sanctions dictate that "all property and interests in property of these targets that are in the United States or in the possession or control of U.S. persons must be blocked and reported" to Treasury's Office of Foreign Assets Control.

What they're saying: “This action reinforces the United States’ commitment to preventing the Iranian regime’s development and use of advanced ballistic missiles,” Treasury's undersecretary for terrorism and financial intelligence Brian Nelson said in the statement.

  • "We will also work with other partners in the region to hold Iran accountable for its actions, including gross violations of the sovereignty of its neighbors,” Nelson said.

Go deeper: In January, Iran sanctioned more than 50 Americans, including a number of Pentagon officials, over the over the 2020 assassination of Qasem Soleimani.

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