The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday designated more than a dozen new sanctions against the Iranian metals sector.
In a press briefing, Secretary of the Treasury Steven Mnuchin announced the imposition of new sanctions against a China-based supplier of graphite electrodes, 12 Iranian producers of steel and other metals products, and three foreign-based sales agents of a major Iranian metals and mining holding company. OFAC’s list of identifying information on the new designations can be accessed here.
