Connect with us

Hi, what are you looking for?

Hitthestock.comHitthestock.com

Politics

US imposes new round of sanctions on network involved in Iran’s drone production

The United States on Tuesday imposed a new round of sanctions against 10 entities and four individuals for their involvement in procuring materials for the production of drones in Iran. 

The sanctions target a network spanning Iran, Malaysia, Hong Kong, and Indonesia led by Hossein Hatefi Ardakani, according to the U.S. State and Treasury Department. Ardakani and Gary Lam, who worked for a Chinese company, and their co-conspirators were named as defendants in a Justice Department press release. 

The U.S. said these individuals and entities were involved in the procurement of sensitive goods, including U.S.-origin electronic components, for one-way attack drones produced by the Islamic Revolutionary Guard Corps Aerospace Force Self Sufficiency Jihad Organization and its drone program.

A multi-year investigation by Homeland Security Investigations (HSI) identified a network of Iranian intermediary companies, front companies, and logistics businesses used to procure and facilitate the transfer of sensitive U.S. and foreign-origin technology for its weapons program. 

‘Iran’s illicit production and proliferation of its deadly UAVs (unmanned aerial vehicles) to its terrorist proxies in the Middle East and to Russia continues to exacerbate tensions and prolong conflicts, undermining stability,’ Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.

Washington has long accused Tehran of supplying such weapons to Russia for use in Ukraine. Iran denies providing Russia with drones for use in the country.

Reuters contributed to this report.

This post appeared first on FOX NEWS

You May Also Like

Editor's Pick

Travis Fisher The Environmental Protection Agency’s (EPA’s) greenhouse gas (GHG) rule for power plants was published in May 2023 and the original comment period...

Tech News

Illustration by Alex Castro / The Verge Apple announced a pilot program called “contingent pricing for subscriptions” on Friday that will let App Store...

Editor's Pick

In this edition of the GoNoGo Charts show, as equities rally with speed from 4600 to 4700 this week, Alex and Tyler take a...

Editor's Pick

In the fourth of a five-part special series on StockCharts TV‘s The Final Bar, Dave discusses the top leadership trends of 2023. From the concept of...