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Treasury sanctions six Hong Kong entities for helping Iranian drone network

  • The U.S. Treasury Department sanctioned six Hong Kong companies for being part of an Iranian drone procurement network on Wednesday.
  • The sanctioned companies include Dingtai Industrial Technology Co. Limited and Yonghongan Trade Limited.
  • Secretary of the Treasury Scott Bessent stated that Iran is seeking new ways to procure components for its weapons program through front companies.
  • The sanctions aim to disrupt the procurement network of Iranian firms for continued development of drones and ballistic missiles in violation of U.S. Bans.
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UPI broke the news in Washington, United States on Wednesday, February 26, 2025.
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