Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
AL CIRCLE

U.S. treasury sanctions a network of companies procuring aluminum products for Iranian nuclear program

EDITED BY : 2MINS READ

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) put sanctions against a network of front companies and agents on July 18, 2019, who are involved in the procurement of aluminium materials for sanctioned elements of Iran’s nuclear program. 

The sanctioned individuals and entities are based in Iran, China, and Belgium and have acted as a procurement network for Iran’s Centrifuge Technology Company (TESA), which plays a crucial role in Iran’s nuclear program developed by Atomic Energy Organization of Iran (AEOI).  TESA was already sanctioned by Treasury s on November 21, 2011. This global network is comprised of seven entities and five individuals.

{alcircleadd}

tesa

“Treasury is taking action to shut down an Iranian nuclear procurement network that leverages Chinese- and Belgium-based front companies to acquire critical nuclear materials and benefit the regime’s malign ambitions,” said Treasury Secretary Steven T. Mnuchin.

One of the sanctioned Iranian firm Bakhtar Raad Sepahan, in coordination with its Belgium-based office, TAWU Mechanical Engineering and Trading Company, facilitated deals for the purchase of Chinese-origin aluminium products and their shipment from China to Iran on behalf of TESA.  The aluminium goods are required for use in Iranian centrifuges manufactured by TESA.

Another sanctioned company is China-based Henan Jiayuan Aluminum Industry Company, which sold aluminium goods worth more than half a million dollars for use by TESA, and coordinated the shipment of the aluminium goods from China to Iran with the above companies.

red mud

According to Treasury statement, China-based Sanming Sino-Euro Import and Export Co. Ltd. arranged shipments of aluminium goods to Iran. Other companies which are sanctioned in this connection are Iran-based Sabz Co., China-based Suzhou Zhongsheng Magnetic Company Limited and Suzhou A-One Special Alloy CO.

The treasury also sanctioned five individuals who are connected to these entities. They as well as these companies are blacked and barred from having any transaction in the U.S.

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 2MINS READ
Adv
Adv
Adv

Responses

Adv
Adv
Adv
Would you like to be
featured with us?
Business Cards
Featured
Want to get your company featured by us?
Business Cards
Featured
Adv
Adv
Business Leads VIEW ON AL BIZ

AL Circle News App
AL Biz App

A proud
ASI member
© 2025 AL Circle. All rights reserved.
AL Circle is not responsible for content from external sources.