World ECR | US sanctions Iran’s “shadow fleet”
Home > information > U.S. sanctions 35 Iranian “shadow fleet” ships and entities The U.S. Treasury Department has imposed sanctions on 35 entities and vessels involved in Iran's "shadow fleet" of oil tankers, saying the tankers "play a critical role in transporting illicit Iranian oil to foreign markets" in violation of U.S. sanctions. Acting Deputy Secretary of State Bradley Smith said Iran continues to use oil trade revenues to develop its nuclear program, proliferate its ballistic missile and drone technology and fund its regional terrorist proxies, which threatens to further undermine the region. Stablize. An announcement was made on December 3rd. The Treasury Department said the action, under Executive Order 13902, imposes sanctions on companies that manage ships "that transport tens of millions of barrels of oil to Iran." Sanctioned entities include United Arab Emirates-based Galileos Marine Services, Panama-based Ocean Glory Giant OGG SA and multiple companies in China, India and other countries. "Iran relies on a vast network of…
WorldECR | US further sanctions targeting Iran’s ballistic missiles
Home > information > US targets Iran's ballistic missile and drone programs with further sanctions The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) has imposed sanctions on individuals and entities in Iran and China for “procuring various components, such as accelerometers and gyroscopes, which are critical inputs to Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs.” The July 30 operation targeted five individuals and seven entities based in Iran, mainland China and Hong Kong who “facilitated procurement under Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL),” the statement said. The United States and its allies Britain and the European Union have been increasing sanctions on Iran's drone industry since Russia invaded Ukraine in February 2022. Tehran says Russia is a major customer for its drones. Moscow has used combat drones to devastating effect in the war in Ukraine. “Today’s action uncovers additional key front companies and trusted agents through which Iran seeks to obtain these parts,”…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
