The entities sanctioned on Thursday, which the administration has assessed are related to one another, are responsible for the development of guidance systems, solid propellants, motor cases and research for the country's missile program. The U.S. will freeze any financial assets of the designated entities that are within U.S. jurisdiction, and Americans are prohibited from dealing with them commercially. The new economic measures against five Iranian-based entities of the Shahid Bakeri Industrial Group prohibits American firms from doing business with the firms. "These sanctions target key entities involved in Iran's ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people," U.S. Treasury Secretary Steven Mnuchin said in a statement.
The U.S. Treasury sanctions five Iranian entities associated with Iran's ballistic missile program.