US Imposes Sanctions on Entities in China and Iran Over Ballistic Missile and Drone Programs
July 31, 2024, 12:47 am

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US Imposes Sanctions on Entities in China and Iran Over Ballistic Missile and Drone Programs

On Tuesday, the United States imposed sanctions on five individuals and seven companies in China and Iran for facilitating purchases related to Iran's ballistic missile and drone programs. The sanctioned entities have been linked to procuring equipment for the Iranian Ministry of Defense.

The US Treasury Department stated that the sanctions target individuals and companies in China, Hong Kong, and Iran that have been involved in purchasing key components for entities affiliated with Iran's Ministry of Defense and armed forces.

“Today’s action exposes additional key front companies and trusted proxies through which Iran seeks to obtain these components,” said Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence. He emphasized that the United States “will continue to impose costs on those who facilitate Iran’s ability to produce these deadly weapons.”

According to the Treasury Department, the sanctioned individuals and companies were involved in purchasing accelerometers and gyroscopes used in guidance, navigation, and control systems for Iran’s ballistic missile and drone programs. Among the entities sanctioned are Beijing Shiny Knights Technology Development Company, a front company based in China, and Electro-Optic Siran Industries, an Iran-based company.

These sanctions are the latest in a series of measures taken by the Treasury and State Departments to punish those involved in Iran’s ballistic missile and drone programs.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
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Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
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For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”