The Treasury claimed that the Hong Kong entities procured components for Iranian firm Pishtazan Kavosh Gostar Boshra and its subsidiary, Narin Sepehr Mobin Isatis, which were known for supplying Iran’s drone and ballistic missile programmes and remained under US sanctions.
The Treasury Department imposed sanctions on six firms in Hong Kong and mainland China for allegedly supplying components to Iran’s drone and missile programmes in violation of US bans.
“Today’s action, which is part of President Trump’s maximum pressure campaign on the Iranian regime, aims to disrupt efforts by the Iranian entity Pishtazan Kavosh Gostar Boshra to reconstitute its procurement network and continue obtaining critical parts from foreign suppliers,” a statement by the State Department said.
“Iran continues to try to find new ways to procure the key components it needs to bolster its UAV weapons program through new front companies and third-country suppliers,” treasury secretary Scott Bessent said.
The firms acted as fronts to acquire American parts for Iranian military companies, which in turn supplied weapons to Russia and militant groups, it said in a statement on Wednesday.
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