State Department Sanctioned Chinese Company Selling Launch Vehicles to North Korea

This April 15, 2017 picture released from North Korea's official Korean Central News Agency (KCNA) on April 16, 2017 shows Korean People's ballistic missiles being displayed through Kim Il-Sung square during a military parade in Pyongyang. The missile is carried by a transporter-erector-launcher sold by a Chinese state-owned company under the guise that the vehicle was a logging truck sold for civilian purposes. STR/AFP/Getty Images

The Treasury Department has sanctioned a Chinese company involved in North Korea’s ballistic missile program in a little-noticed press release on sanctions against Iran’s Islamic Revolutionary Guard Corps. (IRGC).

The 900-word press release from the department’s Office of Foreign Assets Control (OFAC) designated Iran’s Islamic Revolutionary Guard Corps. (IRGC) as a state-sponsor of terror, laying out sanctions against companies directly doing business with the corps.