By Fnf correspondent | PUBLISHED: 20, Apr 2024, 12:14 pm IST | UPDATED: 20, Apr 2024, 12:14 pm IST
The sanctioned entities comprise three Chinese companies: Xi'an Longde Technology Development Company Limited, Tianjin Creative Source International Trade Co. Ltd., and Granpect Company Limited, alongside the Belarus-based Minsk Wheel Tractor Plant.
Due to todays action, any assets or belongings of the mentioned individuals in the United States or held by U.S. individuals are frozen and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC), asserted the statement.
As per the order, if any individuals or entities are owned, either directly or indirectly, by 50 percent or more of blocked persons, they are also considered blocked. Any transactions involving property or interests in property of designated or blocked persons by U.S. individuals or within the United States are not allowed unless permitted by a license from OFAC or exempt. This includes giving or receiving contributions, funds, goods, or services to or from blocked persons.
According to the US Department of State’s statement, the Belarus-based firm used to supply special vehicle chassis that are used as launch support equipment for ballistic missiles. Meanwhile, Granpect Company Limited has supplied missile-related equipment, including a filament winding machine. Granpect Company Limited has also collaborated with Pakistan's Space and Upper Atmosphere Research Commission (SUPARCO) to furnish equipment for testing large-diameter rocket motors. The firm also partnered with Pakistan's NDC to supply equipment for testing large-diameter rocket motors.
Tianjin Creative Source International Trade Co. Ltd based in the People's Republic of China, has provided stir welding equipment deemed by the United States as capable of manufacturing propellant tanks for space launch vehicles) and a linear accelerator system viewed by the United States as suitable for inspecting solid rocket motors
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