US imposes sanctions on individuals and companies assisting Iran in Shahed drone production
The United States Department of the Treasury has announced sanctions against 10 individuals and entities that helped Iran obtain weapons and raw materials for the production of Shahed drone drones.
Source: US Department of the Treasury press release
Quote: "The US Department of the Treasury's Office of Foreign Assets Control (OFAC) targeted 10 individuals and companies based in several jurisdictions across the Middle East, Asia and Eastern Europe that are enabling efforts by Iran's military to secure weapons, as well as raw materials with applications in Iran's Shahed‑series unmanned aerial vehicles (UAVs) and ballistic missile program."
Details: The sanctions target a number of companies and individuals linked to China and Bangkok. The restrictions also apply to individuals and companies based in Belarus and the United Arab Emirates.
Quote from Secretary of the Treasury Scott Bessent: "Under President Trump's decisive leadership, we will continue to act to Keep America Safe and target foreign individuals and companies providing Iran's military with weapons for use against US forces."
Background: Earlier reports indicated that Chinese companies had been openly supplying engines, microchips and other components for the production of Shahed kamikaze drones to Iran and Russia, despite US sanctions.
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