Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

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

by December 20, 2023
December 20, 2023
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
0
FacebookTwitterGoogle +Pinterest
previous post
Gareth Soloway: Gold, Silver, Bitcoin and More — Price Predictions for 2024
next post
Ketanji Brown Jackson slapped with ethics complaint over husband’s income

Related Posts

Haley slams Trump for Senate losses, calls out...

March 2, 2024

Indiana AG sues state hospital for violating privacy...

September 18, 2023

North Carolina GOP censures Sen. Thom Tillis for...

June 12, 2023

Senate sex tape: Capitol Police decline to press...

February 2, 2024

Chinese hackers preparing to ‘wreak havoc’ on American...

January 31, 2024

Biden endorsed by Planned Parenthood, Emily’s List and...

June 23, 2023

Trump lead grows in NH, while DeSantis loses...

June 28, 2023

Vivek Ramaswamy withholds ‘friendly fire’ after Trump attack:...

January 14, 2024

James Carville says Biden skipping Super Bowl interview...

February 11, 2024

Majority of voters favor Biden dropping out while...

July 2, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Laramide Identifies Targets for 15,000 Meter Drill Program at Kazakhstan Uranium Project

    • Coinbase Expands USDC Rewards to Canada

    • NVIDIA Facing Weak Demand for New Chip as Chinese Firms Turn to Homegrown Silicon

    • Newmont Withdraws from Mount Coolon Joint Venture, GBM Regains Full Ownership

    • Crypto Market Update: Bitcoin ETFs Log Biggest Inflows Since July

    Categories

    • Business (1,374)
    • Investing (2,910)
    • Politics (3,699)
    • Stocks (1,792)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved