Middle East — 2026-06-12

US Treasury Sanctions Nine Chinese and Hong Kong Entities for Procuring Weapons for Irans IRGC Under Economic Fury

BLUFSanctioning both procurement fronts and payment infrastructure across parallel IRGC and MODAFL networks builds a layered interdiction architecture that doubles as leverage for or fallback against the concurrent Iran ceasefire track.

OFAC sanctioned nine China- and Hong Kong-based individuals and entities on June 10 under the Economic Fury campaign for supporting weapons procurement on behalf of Iran's IRGC and MODAFL 12. The IRGC-linked designees include Liu Boyu, sole director of Hong Kong-registered Mustad Limited, two Mustad employees, and the firm's Shanghai subsidiary; Domus Trading HK Limited was separately named for operating within Iran's clandestine banking network 23. For MODAFL, OFAC designated China-based Iranian national Manuchehr Golchin, Chinese national Meng Shaopei, and two associated Hong Kong entities, Solos International Limited and Shangshun Hong Kong Ltd 23. The State Department simultaneously designated two entities and two individuals in Iran and Belarus under E.O. 13949 for conventional arms-related activities, citing UNSCR 1929's prohibition on MANPADS transfers to Iran 4.

Analysis
Parallel IRGC and MODAFL procurement networks running through Hong Kong confirm Iran compartmentalizes military-branch acquisition at shared geographic nodes. OFAC's E.O. 13902 designation of Domus Trading signals payment infrastructure is now an explicit interdiction target alongside front companies, extending the toolkit beyond WMD-channel authorities. The State Department's concurrent Belarus-Iran MANPADS action extends threat geography beyond China. June 10 also adds personal liability to three named Mustad employees for the first time. These designations run independent of US-Iran diplomacy, positioned as leverage if the MOU advances or pre-built architecture if it collapses. Network designations typically follow collection rather than precede it, suggesting active procurement has already shifted to undisclosed channels.

4 sources

Economic Fury Disrupts Foreign Networks Supporting Irans Military and Weapons Programs - US Treasury via GlobalSecurity.org
Economic Fury Disrupts Foreign Networks Supporting Iran's Military and Weapons Programs - US Department of the Treasury
US Treasury sanctions nine over Iran weapons procurement networks - i24NEWS
Disrupting Iran's Weapons Procurement - US Department of State