US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program

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US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program
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The U.S. is sanctioning a network of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program

FILE - The Treasury Building is viewed in Washington, May 4, 2021. The Treasury Department designated El Chapo's son Joaquin Guzman Lopez and others for financial sanctions, including a freeze on American-owned assets and bank accounts and a ban on Americans doing business with them. WASHINGTON — — The U.S. said Tuesday it is sanctioning a group of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program.

Among the sanctions targets are the China-based firm Zhejiang Qingji, which has allegedly sold centrifuges and other materials to an Iran-based firm affiliated with the nation's defense ministry. Also designated for sanctions were several executives at Qingji and the Hong Kong-based Lingoe Process Engineering Limited, which Treasury said served as a front company for the Chinese firm.

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