The State Department is also imposing sanctions on Mohammad Reza Modarres Khiabani, the Chief Executive Officer of IRISL, who has been determined to be a principal executive officer, or person performing similar functions and with similar authorities, of IRISL.

The State Department is also designating the PRC-based Jiangyin Mascot Special Steel Co., LTD.  Jiangyin Mascot Special Steel Co., LTD knowingly transferred grain-oriented electrical steel to Iran via the Islamic Republic of Iran Shipping Lines (IRISL).

The State Department is also designating Iran Transfo Company and Zangan Distribution Transformer Company.  Both of these entities knowingly transferred (imported), directly or indirectly, to Iran grain-oriented electrical steel to at least one Iranian person on the SDN List.

Separately, the State Department is also designating the UAE-based Accenture Building Materials, Iran’s Mobarakeh Steel Company, and the IRISL subsidiary Sapid Shipping. Accenture Building Materials allegedly knowingly sold, supplied, or transferred, directly or indirectly, to or from Iran raw or semi-finished steel and the steel was sold, supplied, or transferred to or from an Iranian person (Sapid Shipping) included on the SDN List.

Accenture Building Materials also knowingly sold, supplied, or transferred, directly or indirectly, to or from Iran raw or semi-finished steel and the steel was sold, supplied, or transferred to or from an Iranian person included on the SDN List.

Mobarakeh Steel Company knowingly sold, supplied, or transferred, directly or indirectly, to or from Iran, raw or semi-finished steel and the steel was sold, supplied, or transferred to or from an Iranian person included on the SDN List.  The State Department is also imposing sanctions on Hamidreza Azimian, the Chief Executive Officer of Mobarakeh Steel Company, who has been determined to be a principal executive officer, or person performing similar functions and with similar authorities, of Mobarakeh Steel Company.

Finally, Sapid Shipping also knowingly sold, supplied, or transferred, directly or indirectly, to or from Iran raw or semi-finished steel and the steel was sold, supplied, or transferred to or from an Iranian person included on the SDN List.