U.S. Treasury sanctions network tied to IRGC weapons procurement

Traders Union
All News
Financial News
U.S. sanctions IRGC weapons network

Highlights

U.S. Treasury sanctioned seven individuals and entities under Executive Order 13382 for supporting IRGC weapons procurement, including Nika Jet Company and Russia's Avratek OOO.
Sanctions block all property and interests of designated parties under U.S. jurisdiction and bar U.S. persons from transactions with them unless authorized.
OFAC warns that foreign financial institutions dealing with designated persons risk secondary sanctions, including strict conditions on U.S. correspondent and payable-through accounts.

Treasury action targets cross-border procurement links

As reported by the U.S. Department of the Treasury, the Office of Foreign Assets Control is sanctioning seven individuals and entities involved in an international network that supports weapons procurement efforts for the IRGC under Executive Order 13382.

Treasury Secretary Scott Bessent says President Trump has made clear that Iran must denuclearize, adding that Treasury will continue to target illicit procurement networks that fund Iran’s weapons programs and broader military apparatus. The action follows earlier OFAC designations on May 8, 2026 and June 10, 2026 that also focused on procurement networks supplying the IRGC and Iran’s Center for Innovation and Technology Cooperation, including man-portable air-defense systems.

The designated network includes Iranian national Behrouz Namazi, general director of Tehran-based Nika Jet Company, which provides services related to aircraft parts and drones. Treasury says Nigeria-based Vanguard Tactical Supply Limited acts as an intermediary for Namazi’s efforts, while Milan-based Italian national Dounia Ettaib knowingly participates in attempts to procure weapons for him.

Russian national Mariya Vladimirovna Selina, head of the financial department at Moscow-based aviation transportation company Avratek OOO, is identified as a longtime procurement agent for Iran who supports Namazi’s efforts on behalf of the IRGC. Russian national Vadim Anatolyevich Druzhbin, also an Avratek employee, is accused of coordinating travel for Namazi and Selina and of previous involvement in arranging Iranian shipments.

Sanctions raise compliance risks for global finance and trade

Under the measures, all property and interests in property of the designated persons that are in the U.S. or in the possession or control of U.S. persons are blocked and must be reported to OFAC. Entities owned 50% or more, directly or indirectly, by one or more blocked persons are also blocked, while U.S. persons are generally barred from transactions involving those assets unless authorized or exempt.

Treasury says violations of U.S. sanctions can lead to civil or criminal penalties for both U.S. and foreign persons, and OFAC can impose civil penalties on a strict liability basis. Financial institutions and other businesses also face potential exposure if they engage in certain transactions involving designated parties, including contributions of funds, goods or services to or from blocked persons.

The department also warns that certain dealings with those named in the action may trigger secondary sanctions for participating foreign financial institutions. OFAC can prohibit or place strict conditions on correspondent or payable-through accounts in the U.S. for foreign banks that knowingly conduct or facilitate significant transactions on behalf of a sanctioned person.

Our earlier article on the rollout of Trump Accounts explained how the U.S. Treasury moved the program into its next implementation stage after the July 2026 launch. It highlighted Frank Bisignano’s appointment to lead the expansion and noted Treasury’s figures showing more than 6.5 million families enrolled and over 1.5 million children eligible for a $1,000 pilot contribution.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.