• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Monday, May 29, 2023
Daily The Business
  • Login
  • Home
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Subscribe
DTB
  • Home
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
DTB
Home NEWS

US targets Iranian drone industry in latest round of sanctions

by DTB
March 22, 2023
in NEWS
Reading Time: 3 mins read
130 3
A A
0
38
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Sanctions target firms and individuals accused of buying drone parts on behalf of the Iranian government.

The United States has announced its latest round of sanctions against Iranian drone and missile production, this time focusing on firms and individuals who allegedly procured equipment for Tehran’s drone programme.

In a statement on Tuesday, the US Department of the Treasury said the targeted “procurement network” operates on behalf of Iran’s Ministry of Defence and Armed Forces Logistics (MODAFL), which oversees firms involved in developing unmanned aerial vehicles (UAVs) and ballistic missiles.

The latest sanctions came as US officials continued to accuse Iran of supplying Russia with drones for its invasion of Ukraine, which began on February 24, 2022. The European Union has also targeted Iran’s drone industry with sanctions.

“Iran’s well-documented proliferation of UAVs and conventional weapons to its proxies continues to undermine both regional security and global stability,” Brian Nelson, the undersecretary for terrorism and financial intelligence at the US Treasury, said in a statement.

“The United States will continue to expose foreign procurement networks in any jurisdiction that supports Iran’s military industrial complex.”

Those named in Tuesday’s sanctions include the Iran-based Defense Technology and Science Research Center, its procurement firm Farazan Industrial Engineering Inc and two other firms, along with purchasing agents from the companies.

Among the equipment acquired by the network were “European-origin engines” for unmanned aerial vehicles, the statement said.

As a result of the sanctions, the targeted entities will be denied access to any US property or financial assets held in the country. US companies will also be prevented from doing business with those identified.

The sanctions are only the latest action by Washington to target Iran’s drone manufacturing.

Most recently, in early March, the US Treasury sanctioned a network of Chinese companies for procuring equipment that supported Iran’s drone programme.

In January, Washington also sanctioned seven people in leadership positions within Iranian companies that produce drones.

“Iran must cease its support for Russia’s unprovoked war of aggression in Ukraine, and we will continue to use every tool at our disposal to disrupt and delay these transfers and impose costs on actors engaged in this activity,” US Secretary of State Antony Blinken said in the statement at the time.

The US has further accused Tehran of violating international law by failing to gain approval from the United Nations Security Council for drone sales.

In February, US defence officials released an analysis that sought to prove that Iranian drones were being used in Ukraine by Russia.

For its part, Iran has maintained a defiant stance on the issue, saying that international criticism of its drone programme is rooted in concerns that it would become a competitor in global arms sales.

Nevertheless, Tehran said it has not provided drones to Russia for use in Ukraine beyond “a “limited number” of the aerial explosives given to Moscow prior to the invasion.

Source

:

Al Jazeera and news agencies

Read More

Tags: Iraniantargets
DTB

DTB

American Dollar Exchange Rate
  • Trending
  • Comments
  • Latest
How to avoid buyer’s remorse when raising venture capital

How to avoid buyer’s remorse when raising venture capital

July 2, 2022
Dubai's real estate sector

Dubai: Villa prices post double-digit growth in August 2021

October 23, 2021
9th World Strength Lifting & Incline Bench Press Championship 2022

9th World Strength Lifting & Incline Bench Press Championship 2022 Kyrgyzstan

September 10, 2022
real estate transactions in Dubai

AED7.2 bn in week-long real estate transactions in Dubai

October 23, 2021
Afghanistan remittance payouts limited to local currency -sources

Afghanistan remittance payouts limited to local currency -sources

0
Saudi Arabia Bans Ministers From Sitting on Company Boards

Saudi Arabia Bans Ministers From Sitting on Company Boards

0
SAIF Zone takes part in The Big 5

SAIF Zone takes part in The Big 5

0
Jafza to showcase its core competencies

Jafza to showcase its core competencies in the construction and building materials sector at The Big 5 2021

0
New Hampshire GOP Gov. Chris Sununu says any Republican in the presidential race who isn't 'hitting Donald Trump hard right now' is 'doing the entire party a disservice'

New Hampshire GOP Gov. Chris Sununu says any Republican in the presidential race who isn’t ‘hitting Donald Trump hard right now’ is ‘doing the entire party a disservice’

May 28, 2023

Future Patriot Systems to be impenetrable! US army tests new radar that has ‘No Time For Blind Spot’

May 28, 2023
A Vancouver bakery owner said caught a thief breaking in on video — he swept the floor, took some selfies, and left with 6 cupcakes

A Vancouver bakery owner said caught a thief breaking in on video — he swept the floor, took some selfies, and left with 6 cupcakes

May 28, 2023
I flew from Dubai to London in economy class on an Emirates A380. The service was exceptional, but the colossal plane felt outdated.

I flew from Dubai to London in economy class on an Emirates A380. The service was exceptional, but the colossal plane felt outdated.

May 28, 2023
  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Write us: info@dailythebusiness.com

© 2021 Daily The Business

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Daily The Business
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In