US sanctions three Iran weapons-procurement networks

Post At: Mar 21/2024 11:10AM
By: Reuters

The United States on Wednesday imposed new sanctions on three procurement networks that are supporting Iran’s ballistic missile, nuclear and defense programs, the Treasury Department said in a statement.

It said the networks – based in Iran, Turkey, Oman and Germany – had procured carbon fiber, epoxy resins and other missile-applicable goods.

“Through complex covert procurement networks, Iran seeks to supply rogue actors around the world with weapons systems that fuel conflict and risk countless civilian lives,” said Brian Nelson, under secretary of the Treasury for terrorism and financial intelligence.

Last month, the Treasury announced punitive measures targeting Iran’s ballistic missile and drone procurement programs as Washington looked to increase pressure on Tehran, whose proxies in Iraq, Lebanon, Syria, Yemen and the Gaza Strip have attacked U.S. and Israeli targets.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.