The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

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

by
December 20, 2023
in Latest News
0
US imposes new round of sanctions on network involved in Iran’s drone production
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

BP becomes latest to pause Red Sea shipments as Houthi attacks continue

Next Post

VP Kamala Harris announces nationwide tour in support of abortion rights

Next Post
VP Kamala Harris announces nationwide tour in support of abortion rights

VP Kamala Harris announces nationwide tour in support of abortion rights

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent News

    Schumer forces name change for ‘big, beautiful bill’ moments before it passes

    Schumer forces name change for ‘big, beautiful bill’ moments before it passes

    July 1, 2025
    ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

    ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

    July 1, 2025
    House Republicans call for investigation into Obama-appointed judge in Trump funding case

    House Republicans call for investigation into Obama-appointed judge in Trump funding case

    July 1, 2025
    Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

    Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

    July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.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 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.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 thefinancialhorizons.com | All Rights Reserved