US imposes sanctions on 10 individuals and companies for aiding Iran in 'Shahed' production
Kyiv • UNN
The US has introduced sanctions against 10 individuals and companies for assisting Iran in weapons production. The restrictions target programs for the development of missiles and 'Shahed'-type drones.
The U.S. Department of the Treasury has imposed sanctions on 10 individuals and companies, including several in China and Hong Kong, over allegations of facilitating Iran's efforts to obtain weapons and raw materials needed to build Shahed drones and ballistic missiles. This is reported by Reuters, UNN informs.
Details
It is noted that this move comes days before U.S. President Donald Trump is scheduled to visit China to meet with President Xi Jinping, and amid stalled efforts to end the war with Iran.
The Treasury Department said in a statement that it remains ready to take economic action against Iran's military-industrial base to prevent Tehran from rebuilding its production capacity.
The Treasury Department said it is also prepared to act against any foreign company that supports illegal Iranian trade, including airlines, and may impose secondary sanctions on foreign financial institutions that aid Iran's efforts, including those associated with independent Chinese oil refineries
At the same time, according to Brett Erickson, managing director of Obsidian Risk Advisors, the Treasury Department's actions are aimed at limiting Iran's ability to threaten vessels operating in the Strait of Hormuz and regional allies. However, the sanctions are still narrowly targeted, giving Iran more time to adapt.
Recall
According to the WSJ, China continues to supply products to drone production facilities in Iran and Russia, despite U.S. sanctions.