The sanctions will also target about 170 Chinese entities for what Washington considers illegal fishing in the Pacific, the officials said, amid concerns that China is over-fishing and using its fishing fleet to expand Beijing's maritime influence.
The sanctions were first reported by the Wall Street Journal.
The United States has condemned Iran's export of military drones to Russia for their use against Ukraine. John Kirby, spokesperson for the White House National Security Council, told reporters on Wednesday the United States has seen the continued provision of Iranian drones to Russia.
The sanctions are expected to target a number of Russian defense industry entities involved in the transfer of Iranian drones to Russia, the officials said.