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OFAC sanctions Iranian steel companies, plus adds parties to IFCA menu-based sanctions

Today, OFAC added the following person:

SAJDEH, Majid, Iran; DOB 26 Jan 1968; POB Tehran, Iran; nationality Iran; Gender Male; Executive Order 13846 information: LOANS FROM UNITED STATES FINANCIAL INSTITUTIONS.  Sec. 5(a)(i); alt. Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS.  Sec. 4(e) (individual) [IFCA] (Linked To: HAFEZ DARYA ARYA SHIPPING COMPANY).

and updated the following entity:

HAFEZ DARYA ARYA SHIPPING COMPANY (a.k.a. HAFEZ DARYA ARYA SHIPPING LINE; a.k.a. HAFEZ-E DARYAY-E ARIA SHIPPING LINES; f.k.a. HAFIZ DARYA SHIPPING COMPANY; f.k.a. HAFIZ-E-DARYA SHIPPING LINES; a.k.a. HDAS CO.; f.k.a. HDAS LINES; a.k.a. HDASCO; a.k.a. HDASCO SHIPPING COMPANY; f.k.a. HDS LINES; f.k.a. HDSL; f.k.a. HDSLINES CO.), Asseman Tower, Pasdaran Street, Tehran, Iran; No 60, Pasdaran Avenue, 7th Neyestan Street, Ehteshamiyeh Square, Tehran, Iran; Website http://www.hdasco.com; Additional Sanctions Information – Subject to Secondary Sanctions; Registration Number 341417 (Iran) [IRAN]. -to- HAFEZ DARYA ARYA SHIPPING COMPANY (a.k.a. HAFEZ DARYA ARYA SHIPPING LINE; a.k.a. HAFEZ-E DARYAY-E ARIA SHIPPING LINES; f.k.a. HAFIZ DARYA SHIPPING COMPANY; f.k.a. HAFIZ-E-DARYA SHIPPING LINES; a.k.a. HDASCO SHIPPING COMPANY; a.k.a. “HDAS CO.”; f.k.a. “HDAS LINES”; a.k.a. “HDASCO”; f.k.a. “HDS LINES”; f.k.a. “HDSL”; f.k.a. “HDSLINES CO.”), Asseman Tower, Pasdaran Street, Tehran, Iran; No 60, Pasdaran Avenue, 7th Neyestan Street, Ehteshamiyeh Square, Tehran, Iran; Website http://www.hdasco.com; Additional Sanctions Information – Subject to Secondary Sanctions; Executive Order 13846 information: LOANS FROM UNITED STATES FINANCIAL INSTITUTIONS.  Sec. 5(a)(i); alt. Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); Registration Number 341417 (Iran) [IRAN] [IFCA].

in order to sanction them both under Executive Order 13846’s (IFCA) menu-based sanctions.

Additionally, the following entities:

BONAB STEEL INDUSTRY COMPLEX (a.k.a. MOJTAME FOULAD SHAHIN BONAB; a.k.a. SHAHIN BONAB STEEL COMPLEX), No 17, Sarbalai Valiasr, Tavanir Bridge, Tabriz City, Iran; Bonab Industrial Zone, Bonab, East Azerbaijan, Iran; PO Box 51576-13533, Tabriz City, Iran; Website http://www.mfbco.ir; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 2005; National ID No. 742 (Iran) issued 2005 [IRAN-EO13871].

ESFARAYEN INDUSTRIAL COMPLEX (a.k.a. “EICO”), No. 7 Alvand Alley Street, Ghaem Magham Farahani Avenue, Tehran 1589673711, Iran; Number 20, Alvand St., Ghaem Magham-e-Farahani Ave, Tehran, Iran; 12th km of Bojnurd-Esfarayen Road, North Khorasan, Iran; PO Box 15745-513, Tehran, Iran; Website http://www.esfst.com; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 1990; National ID No. 89046 (Iran) issued 1990 [IRAN-EO13871].

GILAN STEEL COMPLEX (a.k.a. FERRO GILAN COMPLEX), Saravan Road, Rasht 4337185759, Iran; Ferro Gilan Complex Co. No. 38, West Arash Boulevard, Africa Ave, Tehran 1917743311, Iran; Website http://generative.ir/ferro_gilan; alt. Website https://www.ferrogilan.com/; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 30 Oct 2000; Commercial Registry Number 167640 (Iran) [IRAN-EO13871].

GMI PROJECTS HAMBURG GMBH, Jungfernstieg 14, Hamburg 20354, Germany; Website https://www.gmiprojects.de; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 18 Oct 2010; V.A.T. Number DE276234810 (Germany); Registration Number HRB115564 (Germany) [IRAN-EO13871] (Linked To: MIDDLE EAST MINES AND MINERAL INDUSTRIES DEVELOPMENT HOLDING COMPANY).

GMI PROJECTS LTD, 20-22 Wenlock Road, London N1 7GU, United Kingdom; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 09 Feb 2009; Company Number 06813827 (United Kingdom) [IRAN-EO13871] (Linked To: MIDDLE EAST MINES AND MINERAL INDUSTRIES DEVELOPMENT HOLDING COMPANY).

KAIFENG PINGMEI NEW CARBON MATERIALS TECHNOLOGY CO., LTD. (a.k.a. KAIFENG CARBON CO., LTD. CHINA PINGMEI SHENMA GROUP; a.k.a. KAIFENG PINGMEI XINXINGTAN MATERIAL TECHNOLOGY CO., LTD.; a.k.a. “KFCC”), Dongiaobian Village, Shunhe Hui District, Kaifeng, Henan 475002, China; Donjiaobian Village, No. 310 National Highway, Kaifeng, Henan 475002, China; Biancun, East Suburbs, Shunhe District, Kaifeng, Henan Province 475002, China; Website http://www.kfcc.com.cn; Additional Sanctions Information – Subject to Secondary Sanctions; Executive Order 13846 information: LOANS FROM UNITED STATES FINANCIAL INSTITUTIONS.  Sec. 5(a)(i); alt. Executive Order 13846 information: FOREIGN EXCHANGE.  Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS.  Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY.  Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON.  Sec. 5(a)(v); Tax ID No. 410211742522406 (China); Unified Social Credit Code (USCC) 914102007425224065 (China) [IFCA] [IRAN-EO13871] (Linked To: PASARGAD STEEL COMPLEX).

KHAZAR STEEL CO. (a.k.a. KHAZAR STEEL ROLLING), Rasht, Rasht Industrial City, at the end of Madras Boulevard, Rasht, Iran; Valiasr Str., after Dastgardi, at the beginning of Nasri Alley, No. 2551, Tehran 196864311, Iran; Rasht, Iran; No. 4, 3rd. Alley, Niloofar St., Khorram Shahr St., Tehran 1968643111, Iran; Website http://www.khazarsteel.co; Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 10102629319 (Iran); Registration Number 221659 (Iran) [IRAN-EO13871].

MIDDLE EAST MINES AND MINERAL INDUSTRIES DEVELOPMENT HOLDING COMPANY (a.k.a. “MIDHCO”), No. 8, Ma’aref Street, Farhang Boulevards, Sa’adatabad, Tehran 1465953349, Iran; No. 8, Rashidi St, Farhang Blvd, Sa’adatabad, Tehran, Iran; Website http://www.midhco.com; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 07 Nov 2007; Registration Number 310643 (Iran) [IRAN-EO13871] (Linked To: SIRJAN IRANIAN STEEL; Linked To: ZARAND IRANIAN STEEL COMPANY).

PASARGAD STEEL COMPLEX (a.k.a. PASARGAD STEEL ZOB INDUSTRIAL COMPLEX; a.k.a. ZOBE AHAN PASARGAD INDUSTRY COMPLEX COMPANY; a.k.a. “PASCO”), No. 3, Nasim Alley, Movahed Danesh St., Aghdasieh, Tehran, Iran; West Atefi Street 33, Africa Avenue, Tehran, Iran; Website http://www.pascosteel.com; Additional Sanctions Information – Subject to Secondary Sanctions; Registration Number 218641 (Iran) [IRAN-EO13871].

SIRJAN IRANIAN STEEL (a.k.a. SIRJAN IRANIAN STEEL CO (Arabic: شركت فولاد سيرجان ايرانيان); a.k.a. “SISCO”), No 39, Sepehr St., Farahzadi Blvd., Shahrak-e-Gharb, Tehran, Iran; Bucharest Avenue, Ninth Street, Tehran 1513733518, Iran; Website http://www.sisco.midhco.com; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 07 Nov 2009; National ID No. 362111 (Iran) [IRAN-EO13871].

SOUTH ROUHINA STEEL COMPLEX, South Rouhina Steel Complex, 7th Kilometer of Dezful to Shooshtar, Dezful, Khuzestan, Iran; No. 3 Naader Dead End, East 37th St., Alvand St., Arjantin Sq., Tehran, Iran; Website http://www.rouhinasteel.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN-EO13871].

VIAN STEEL COMPLEX (a.k.a. VIAN STEEL MELTING AND CASTING COMPANY; a.k.a. “VISCO”), No. 16, Esfandiar Blvd., Vali-e Asr Ave., Tehran 1968656391, Iran; 42nd Km. of Hamedan- Tehran Road, South Eastern of Mofatteh Power Plant, Hamedan, Iran; Website http://www.viansteel.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN-EO13871].

WEST ALBORZ STEEL COMPLEX (Arabic: مجتمع فولاد البرز غرب) (a.k.a. WEST ALBORZ STEEL CO.), No.10, Vatani Alley, Kavousifar St., Behesti Ave, Tehran 15778-15713, Iran; Website http://www.wasteelco.com; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN-EO13871].

WORLD MINING INDUSTRY COMPANY LTD, Unit 1504, Full Tower, No. 9, East Third Ring Ro, Chaoyang District, Beijing, China; Level 2, Motahari St., No. 193, Tehran, Iran; Website http://wmi.midhco.com/; Additional Sanctions Information – Subject to Secondary Sanctions [IRAN-EO13871] (Linked To: MIDDLE EAST MINES AND MINERAL INDUSTRIES DEVELOPMENT HOLDING COMPANY).

YAZD INDUSTRIAL CONSTRUCTIONAL STEEL ROLLING MILL (a.k.a. FOULAD YAZD), 17th KM, towards Taft Town, Yazd-Kerman New Ring Road, Yazd, Iran; Foulad Building, no. 235 Azadi Avenue, Tehran 1457966191, Iran; Website http://www.yazdrollingmill.com; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 1996; Registration Number 51556 (Iran) [IRAN-EO13871].

ZARAND IRANIAN STEEL COMPANY (a.k.a. ZARAND IRANIAN STEEL CO; a.k.a. “ZISCO”), No. 35, flats No. 3 and 4, 2nd Floor, Street No. 27, Tehran, West Kordestan, Iran; No. 113, Between Soleiman Khater & Sohrawardi Street, Motahari Avenue, Tehran 1576918911, Iran; PO Box 1437747334, Tehran, Iran; Website http://zisco.midhco.com/; Additional Sanctions Information – Subject to Secondary Sanctions; Organization Established Date 2011; National ID No. 333265 (Iran) [IRAN-EO13871].

were sanctioned under Executive Order 13871, under which companies in Iran’s metals industries can be designated. Note that Kaifeng Pingmei New Carbon Materials Technology Co, Ltd. was actually added both under E.O. 13871 and the menu-based IFCA sanctions.

And the State Department issued the following press release about the actions:

Today, the United States is imposing sanctions on 17 companies and one individual in connection with Iran’s metals industry. The Iranian regime uses revenue from its metals sector to fund the regime’s destabilizing activities around the world.

The Department of State is designating China-based Kaifeng Pingmei New Carbon Materials Technology Co., LTD (KFCC) and Iran-based Hafez Darya Arya Shipping Company (HDASCO), a subsidiary of the Islamic Republic of Iran Shipping Lines (IRISL), pursuant to Section 1245(a)(1)(C)(i)(II) of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA). Both companies knowingly sold, supplied, or transferred, directly or indirectly, graphite to or from Iran and such graphite was sold, supplied, or transferred to or from an Iranian person (South Kaveh Steel Company and Arfa Iron and Steel Company) included on the Department of Treasury’s Specially Designated Nationals List. The State Department is also imposing sanctions on Majid Sajdeh, who is a principal executive officer of HDASCO.

The Department of the Treasury further designated 16 companies that are active in Iran’s metal industry, pursuant to Executive Order (E.O.) 13871. Iran-based Pasargad Steel Complex, and Vian Steel Complex, Gilan Steel Complex Company, Khazar Steel Co., South Rouhina Steel Complex, Yazd Industrial Constructional Steel Rolling Mill, West Alborz Steel Complex, Esfarayen Industrial Complex, Bonab Steel Industry Complex, Sirjan Iranian Steel, Zarand Iranian Steel Company, and Middle East Mines and Mineral Industries Development Holding Company were designated pursuant to Section 1(a)(i) of E.O. 13871 for operating in the steel sector of Iran, or for owning or controlling companies that operate in the steel sector of Iran.

Additionally, Germany-based GMI Projects Hamburg GmbH, UK-based GMI Projects Ltd., and China-based World Mining Industry Co., Ltd. were designated pursuant to Section 1(a)(v) of E.O. 13871 for being owned or controlled by Middle East Mines and Mineral Industries Development Holding Company. Treasury is also concurrently designating KFCC pursuant to Section 1(a)(iv) of E.O. 13871 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, Pasargad Steel Complex, a person whose property and interests in property are blocked pursuant to E.O. 13871.

The United States will continue to aggressively implement sanctions with respect to the Iranian regime, those who evade sanctions, and others who enable the regime to fund and carry out its malign agenda of repression and terror.

as did Treasury (more descriptive, IMHO):

PRESS RELEASES

Treasury Sanctions Key Actors in Iran’s Steel Sector

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a China-based supplier of graphite electrodes, a key element in steel production, as well as twelve Iranian producers of steel and other metals products, and three foreign-based sales agents of a major Iranian metals and mining holding company. The Iranian metals sector is an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad.

“The Trump Administration remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support oppressive regimes, and seek weapons of mass destruction,” said Secretary Steven T. Mnuchin.

Today’s action was taken pursuant to Executive Order (E.O.) 13871, which imposes sanctions on several sectors of the Iranian economy, including Iran’s steel sector, that continue to generate significant revenue for the Iranian regime.

Chinese Supplier of Materials Critical to Iranian Steel Production

Chinese company Kaifeng Pingmei New Carbon Materials Technology Co., Ltd. (KFCC) specializes in the manufacture of carbon materials, key elements in steel production. Between December 2019 and June 2020, KFCC fulfilled orders totaling thousands of metric tons of materials for several Iranian steel companies. In mid-2020, KFCC, working with an Iranian trading firm, sold 300 metric tons of graphite electrodes and miscellaneous equipment to Pasargad Steel Complex in Iran.

KFCC is being designated pursuant to E.O. 13871 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, Iranian steelmaker Pasargad Steel Complex, an entity designated pursuant to E.O. 13871 for operating in the steel sector of Iran.

Iranian Steel Companies and Foreign-based Sales Agents 

OFAC is designating 12 Iranian steel manufacturers or holding companies, whose combined annual output capacity reaches millions of metric tons of steel product.

The Pasargad Steel Complex is an Iranian steel manufacturer, operating a complex capable of producing 1.5 million tons of steel billets per year. The Gilan Steel Complex Company maintains a hot rolling mill with a 2.5-million-ton capacity and a cold rolling mill with an annual capacity of 500,000 tons. Both entities are being designated pursuant to E.O. 13871 for operating in the steel sector of Iran.

Iran-based Middle East Mines and Mineral Industries Development Holding Company (MIDHCO), a metals and mining holding company that includes steelmakers Sirjan Iranian Steel and Zarand Iranian Steel Company, has a collective production capacity of over 19 million tons of steel, iron, and copper products. MIDHCO encompasses seventeen subsidiaries, including fully owned companies in Germany, China, and the United Kingdom. MIDHCO’s Germany-based subsidiary GMI Projects Hamburg GmbH paid foreign companies for procurement of parts and machinery on behalf of Sirjan Iranian Steel and Zarand Iranian Steel Company. MIDHCO’s China-based subsidiary World Mining Industry Co., Ltd. seeks to develop business relationships with Chinese suppliers in the industry.

MIDHCO is being designated for owning, controlling, or operating Sirjan Iranian Steel and Zarand Iranian Steel Company, entities that are part of the steel sector of Iran.

GMI Projects Hamburg GmbH, World Mining Industry Co., Ltd., and U.K.-based GMI Projects Ltd. are being designated for being owned or controlled by MIDHCO.

OFAC is also designating Iranian steelmakers Khazar Steel Co., Vian Steel Complex, South Rouhina Steel Complex, Yazd Industrial Constructional Steel Rolling Mill, West Alborz Steel Complex, Esfarayen Industrial Complex, Bonab Steel Industry Complex, Sirjan Iranian Steel, and Zarand Iranian Steel Company pursuant to E.O. 13871 for operating in the steel sector of Iran.

Concurrent with this action, the State Department is sanctioning KFCC and the Islamic Republic of Iran Shipping Lines (IRISL) subsidiary Hafez Darya Arya Shipping Company pursuant to Section 1245(a)(1)(C)(II) of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCA) for having knowingly sold, supplied, or transferred, directly or indirectly, graphite to or from Iran, and such graphite was sold, supplied, or transferred to or from an Iranian person on the SDN List. The State Department is also sanctioning Majid Sajdeh, a principal executive officer of Hafez Darya Arya Shipping Company, pursuant to IFCA Section 1245(a)(1)(C)(II).  

Sanctions Implications

All property and interests in property of these persons that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC. OFAC’s regulations generally prohibit all dealings by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked or designated persons. 

In addition, persons that engage in certain transactions with the persons designated today by OFAC may themselves be exposed to sanctions. Furthermore, any foreign financial institution that knowingly conducts or facilitates a significant transaction for or on behalf of the persons designated by OFAC today could be subject to U.S. correspondent or payable-through account sanctions.

Links:

OFAC Notice

State Department Press Release

Treasury Department Press Release

Categories: Executive Order 13846 Executive Order 13871 IFCA Iranian Sanctions OFAC Updates Sanctions Lists

eric9to5

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