Analysis by PMOI/MEK
Iran, Oct. 19, 2018 - In a recent tweet, US State Department Spokeswoman Heather Nauert said, “U.S. Treasury sanctioned a vast financial network supporting the Iran regime’s despicable practice of using child soldiers —as young as 12. The regime uses Afghan children as the ‘first wave’ in Syria, resulting in higher casualty rates.”
Today, @USTreasury sanctioned a vast financial network supporting the #Iran regime’s despicable practice of using child soldiers—as young as 12. The regime uses Afghan children as the “first wave” in Syria, resulting in higher casualty rates. Read more: https://t.co/iTNc689Icp pic.twitter.com/RNM00dOg8R— Heather Nauert (@statedeptspox) October 16, 2018
The U.S. sanctioned a vast financial network supporting the Iranian regime’s paramilitary Basij force for human rights abuses and other criminal practices
The U.S. Treasury sanctions encompassed 20 of the regime’s banks and companies, imposed under counter-terrorism regulations.
According to an AFP report, the U.S. sanctioned these banks and companies because of their support for the regime’s militias.
The list of sanctioned entities includes Iran Tractor Manufacturing Company (ITMC), Isfahan's Mobarakeh Steel Company, Bank Mellat, Mehr Eqtesad Bank, Parsian Bank. It is worth mentioning that Mehr Eqtesad Bank, which was previously named as Gharz-al Hasana Mehr Basijian, is associated with Bonyad-e Taavon Basij, which translates as Basij Cooperative Foundation.
Mehr Eqtesad Iranian Investment Company owns shares in Esfahan's Mobarakeh Steel Company, the largest steelmaker in the Middle East and North Africa region. Mehr Eqtesad Iranian Investment Company had also purchased shares in the ITMC in 2008.
In addition, Mehr Eqtesad also had shares in many other companies such as Iralco, Sadra, Jaber Ebne Hayyan Pharmaceutical Company.
The Treasury says that the IRGC’s Basij militia recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region.
“The Bonyad Taavon Basij network is an example of how the IRGC and Iranian military forces have expanded their economic involvement in major industries and infiltrated seemingly legitimate businesses to fund terrorism and other malign activities. This vast network provides financial infrastructure to the Basij’s efforts to recruit, train, and indoctrinate child soldiers who are coerced into combat under the IRGC’s direction,” said Treasury Secretary Steven Mnuchin.
The below list contains names of firms went under sanctions:
Andisheh Mehvaran Investment Company
Bandar Abbas Zinc Production Company
Bonyad Taavon Basij,
Isfahan's Mobarakeh Steel Company
Iran Tractor Manufacturing Company (ITMC)
Iran’s Zinc Mines Development Company (IZMDC)
Mehr Eghtesad Bank
Mehr Eqtesad Iranian Investment Company
Negin Sahel Royal Company
Parsian Catalyst Chemical Company
Qeshm Zinc Smelting and Reduction Company
Tadbirgaran Atiyeh Investment Company
Taktar Investment Company
Technotar Engineering Company
Zanjan Acid Production Company