U.S. Sanctions Supporters of Iran's Ballistic Missile Program and Mahan Air

March 24, 2016

Publication: 

U.S. Treasury Department Press Center

Related Country: 

  • United Arab Emirates
  • United Kingdom

The U.S. Treasury Department imposed new sanctions on two Iranian defense firms for their involvement in Iran's ballistic missile program. Shahid Nuri Industries and Shahid Movahed Industries were designated as subordinates of Shahid Hemmat Industrial Group (SHIG), which is responsible for Iran's liquid-fueled ballistic missile program.  The Treasury Department also sanctioned two British businessmen--Jeffrey John James Ashfield and John Meadows--and two UK-based companies--Aviation Capital Solutions and Aircraft, Avionics, Parts & Support Ltd. (AAPS)--for providing aviation parts, financing, and for facilitating transactions for Mahan Air, which has been blacklisted by the United States for supporting terrorism.  Two companies based in the United Arab Emirates--Grandeur General Trading FZE and HSI Trading FZE--were also sanctioned for supporting Mahan Air.