US Treasury hits Iran with new sanctions relating to its weapons and cyber programs

WASHINGTON — The US Treasury says it’s imposed sanctions on four Iran- and Hong Kong-based companies for providing materials and technology to Iran’s ballistic missile and drone programs and on a Hong Kong-based firm for selling Iranian commodities.

The Treasury also says it’s imposed sanctions on six officials of Iran’s Islamic Revolutionary Guard Corp’s Cyber Electronic Command for malicious cyber activities against critical infrastructure in the United States and elsewhere.

As a result of the sanctions, all property of the designated entities and individuals that are in the United States or fall under US control are blocked. As a general rule, US individuals or companies are barred from transactions involving the property of those designated.