The United States Department of State has announced two significant findings under the Iran Freedom and Counter-Proliferation Act (IFCA) of 2012. These findings have implications for sanctions related to Iran's nuclear, military, and ballistic missile programs.
The Department of State, in consultation with the Department of the Treasury, identified ten strategic materials used in connection with these programs. The materials include austenitic nickel-chromium alloy, magnesium ingots, sodium perchlorate, EDM-11, EDM-14A, EDM-15, tungsten copper, AA2024-T351 aluminum sheets and/or tubes, ISO-68, and ISO-69. Any individual or entity that knowingly sells or transfers these materials to or from Iran will face mandatory sanctions.
Additionally, the construction sector in Iran has been determined to be controlled directly or indirectly by the Islamic Revolutionary Guard Corps (IRGC). As a result, anyone who knowingly sells or transfers raw and semi-finished metals, graphite, coal, and software for industrial purposes related to this sector will also be subject to mandatory sanctions.
The U.S. government emphasizes its commitment to imposing maximum economic pressure on Iran. This is part of efforts to end Iran’s nuclear threat and curtail its ballistic missile program while stopping its support for terrorist groups.
