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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Iran’s drone and military network is sanctioned by US.

Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 20... Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 20... Iran's and U.S.' flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

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On Wednesday, the U.S. targeted Chinese, Iranian, and other companies and suppliers in a procurement network suspected of assisting Iran’s drone and military programs.

The U.S. Treasury Department said it imposed sanctions on the head of Iran’s Pardazan System Namad Arman (PASNA), which was already under sanctions, and the entity’s front companies and suppliers in Iran, Malaysia, Hong Kong, and China that Washington said have enabled PASNA’s procurement of goods and technology.

Washington’s latest UAV attack against Iran.

“The network sanctioned today has procured goods and technology for the Iranian government and its defense industry and UAV program,” said Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson.

“Treasury will continue to enforce its sanctions against Iran’s military procurement efforts that contribute to regional insecurity and global instability.”

Iran’s U.N. mission in New York didn’t respond to a request for comment.

The Treasury accused PASNA’s managing director of sanctions evasion. He allegedly used front firms to buy electronic components from Chinese sources.

On Wednesday, a Hong Kong firm, a Malaysian front company, and an Iranian company sought three PASNA suppliers from China.

Sanctioned parties’ U.S. assets are frozen, and Americans cannot interact with them. Certain transactions with them risk sanctions.

The latest U.S. move against Iran comes as efforts to revive the 2015 nuclear deal have stalled, and ties between the Islamic Republic and the West became increasingly strained after Iran’s security forces violently put down protests after the morality police killed a Kurdish woman last September.


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