U.S. Sanctions Chinese Satellite Firms Over Iran Intel Ties
The measures target 10 people and companies accused of helping Iran buy weapons and raw materials for Shahed drones and ballistic missiles.
- 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.
53 Articles
53 Articles
New US Sanctions Target Companies Helping Iran's Military Sector
The U. S. Treasury announced sanctions on 10 individuals and companies, primarily based in China and Hong Kong, for allegedly helping Iran acquire weapons and materials for its Shahed drones and ballistic missiles. This announcement comes just before President Donald Trump’s upcoming visit to China and amid stalled efforts to end the war with Iran. […] The post New US Sanctions Target Companies Helping Iran’s Military Sector appeared first on Mo…
U.S. Sanctions Chinese Satellite Firms It Says Helped Iran
The U.S. State Department sanctioned three companies based in China for providing satellite imagery it said enabled Iran to strike against U.S. forces in the Middle East. The sanctions come just days before President Trump is due to depart for Beijing to meet with Chinese leader Xi Jinping. The measures are meant to hold Chinese entities accountable for their support of Iran, Secretary of State Marco Rubio said. Since the U.S. and Israel launche
US Sanctions Chinese Satellite Imagery Companies Over Iran War
The US imposed sanctions on three Chinese firms for providing satellite imagery to Iran, enabling its military strikes on American forces in the Middle East, as Washington ramps up efforts to restrict technological support for Tehran in the conflict.
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