Which Iranian Metal Production Companies Were Sanctioned by the United States
The U.S. Treasury Department sanctioned Iran’s main metal production companies and their affiliated and subsidiary companies on Thursday, July 25.
Steven Mnuchin, U.S. Secretary of the Treasury, commented on this decision: “The Iranian regime continues to use revenues from its metal-producing companies and foreign sales agents to finance destabilizing behavior across the globe.”
Donald Trump, President of the United States, placed Iran’s steel, iron, aluminum, and copper industries under sanctions by issuing an executive order on April 8, 2019.
This presidential order is referenced in U.S. Treasury Department documents as “Executive Order 13871.”
This order was issued exactly one year after the President of the United States, arguing that the Islamic Republic violated the spirit of the nuclear agreement by continuing its ballistic missile program and hostile behavior in the region, withdrew from the agreement on April 8, 2018. President Trump not only restored the sanctions that had been lifted under the implementation of the agreement, but also imposed new sanctions against the Iranian regime.
The list of sanctioned companies is as follows:
Company BETTER FUTURE GENERAL TRADING
Located in Dubai – United Arab Emirates and affiliated with Mobarakeh Steel Company of Isfahan; pursuant to Executive Order 13871
Company GLOBAL INDUSTRIAL AND ENGINEERING SUPPLY
Located in Hong Kong
Central Iron Ore Company of Iran
Located in Bafq, Yazd; pursuant to Executive Order 13871
Folad Methil Company
Located in Tehran and affiliated with Mobarakeh Steel Company of Isfahan; pursuant to Executive Order 13871
Company PACIFIC STEEL FZE (Pacific Steel)
Located in Dubai – United Arab Emirates and affiliated with Mobarakeh Steel Company of Isfahan; pursuant to Executive Order 13871
Jahan Folad Sirjan Company
Located in Tehran and Sirjan; pursuant to Executive Order 13871
Company TARA STEEL TRADING GMBH
Located in Düsseldorf, Germany and affiliated with Mobarakeh Steel Company of Isfahan; pursuant to Executive Order 13871
Company TUKA METAL TRADING DMCC
Located in Dubai – United Arab Emirates and affiliated with Mobarakeh Steel Company of Isfahan; pursuant to Executive Order 13871
Source: Voice of America
