Treasury Dept. Sanctions Companies tied to Iranian Defense Industry

December 21, 2012

Author: 

Christopher M. Matthews

Publication: 

Wall Street Journal

The U.S. Treasury Department sanctioned five entities as proliferators of unconventional weapons. SAD Import Export Co., Chemical Industries and Development of Materials Group, and Marine Industries Organization were sanctioned for ties to Iran's defense industry. Doostan International Co. was sanctioned for support to Iran's Aerospace Industries Organization. The director of Marine Industries Organization, Mustafa Esbati, was also sanctioned.