U.S. Sanctions Chinese Satellite Firms Over Iran Intel Ties
The Treasury and State departments targeted 21 entities and 13 individuals, saying the network helped Iran secure weapons, drone parts and missile materials.
- On Friday, the US Treasury sanctioned 10 individuals and companies in China and Hong Kong for aiding Iran's procurement of weapons and materials for Shahed drones and ballistic missiles.
- Tehran maintains the industrial capacity to produce around 10,000 drones monthly, according to the British government-funded Centre for Information Resilience, prompting Treasury efforts to disrupt Iran's military industrial base.
- Brett Erickson, managing principal at Obsidian Risk Advisors, noted the sanctions remain narrowly focused, giving Iran time to reroute procurement while Treasury has not yet targeted Chinese banks supporting the economy.
- Treasury officials warned they remain prepared to impose secondary sanctions on foreign financial institutions and airlines aiding Iranian commerce, including those connected to China's independent "teapot" oil refineries.
- President Donald Trump plans to travel to China for a meeting with President Xi Jinping, while regional tensions remain high after Iran closed the Strait of Hormuz following attacks on Iranian targets.
83 Articles
83 Articles
US sanctions Chinese firms over alleged aid to Iran's defense sector
The US Treasury Department imposes sanctions on ten individuals and companies for their alleged involvement in helping Iran obtain weapons and the necessary raw materials for its Shahed drones and ballistic missiles.
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US Imposes New Sanctions on Networks Supporting Iran’s Military Programs
The United States imposed new sanctions on May 8 targeting 10 individuals and companies across the Middle East, China, and Eastern Europe accused of helping ... The post US Imposes New Sanctions on Networks Supporting Iran’s Military Programs first appeared on [your]NEWS.
US escalates trade row with China over Iran war ahead of Trump-Xi summit
The U.S. State Department this week sanctioned three Chinese companies it accused of aiding Iran in its war against the U.S., the latest in the back-and-forth between the two countries just days before President Donald Trump will meet with China’s leader Xi Jinping in a high-stakes confab in Beijing. The State Department accused the firms — Meentropy Technology (Hangzhou) Co., Earth Eye and Chang Guang Satellite Technology Co. — of “providing sa…
The United States imposed sanctions on three Chinese commercial satellite companies for allegedly supporting Iran, just a few days before President Donald Trump's trip to Beijing for a summit with President Xi Jinping. Among the targets of the sanctions is The Earth Eye, a satellite ground station company that the United States accuses of providing satellite images to Tehran. The other Chinese targets were MizarVision, a geospatial intelligence …
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