Official Iranian government announcements or economic reports

US Sanctions Two Entities and Individuals, Including CEO Mohammad Abedini Najafabadi, Linked to Iran's Military Navigation Systems on December 18, 2024

Dec 18, 2024, 04:03 PM

The United States Treasury Department has imposed sanctions on two entities and two individuals linked to the development and procurement of sensitive navigational systems for Iran's military. This action, announced on December 18, 2024, targets those involved in supplying components critical to Iran's military capabilities. The sanctioned individuals include Mohammad Abedini Najafabadi, the CEO of the company Rahpooyan Aflak, and Kaveh Morat, a senior executive. The sanctions reflect ongoing efforts by the U.S. to curb Iran's military advancements through economic measures.