Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Politics

US imposes new round of sanctions on network involved in Iran’s drone production

by December 20, 2023
December 20, 2023
US imposes new round of sanctions on network involved in Iran’s drone production

The United States on Tuesday imposed a new round of sanctions against 10 entities and four individuals for their involvement in procuring materials for the production of drones in Iran. 

The sanctions target a network spanning Iran, Malaysia, Hong Kong, and Indonesia led by Hossein Hatefi Ardakani, according to the U.S. State and Treasury Department. Ardakani and Gary Lam, who worked for a Chinese company, and their co-conspirators were named as defendants in a Justice Department press release. 

The U.S. said these individuals and entities were involved in the procurement of sensitive goods, including U.S.-origin electronic components, for one-way attack drones produced by the Islamic Revolutionary Guard Corps Aerospace Force Self Sufficiency Jihad Organization and its drone program.

A multi-year investigation by Homeland Security Investigations (HSI) identified a network of Iranian intermediary companies, front companies, and logistics businesses used to procure and facilitate the transfer of sensitive U.S. and foreign-origin technology for its weapons program. 

‘Iran’s illicit production and proliferation of its deadly UAVs (unmanned aerial vehicles) to its terrorist proxies in the Middle East and to Russia continues to exacerbate tensions and prolong conflicts, undermining stability,’ Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a statement.

Washington has long accused Tehran of supplying such weapons to Russia for use in Ukraine. Iran denies providing Russia with drones for use in the country.

Reuters contributed to this report.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
BP becomes latest to pause Red Sea shipments as Houthi attacks continue
next post
Conservatives lash out at Trump after he attacks Chip Roy, calls for him to face primary challenge: ‘Idiotic’

Related Posts

Fox News Power Rankings: The 2024 GOP presidential...

September 20, 2023

Major pro-life group lays out aggressive plans for...

February 1, 2024

In State of the Union speech Biden showed...

March 8, 2024

Frustrated GOP hardliners worry Speaker Johnson bringing ‘more...

January 10, 2024

House Speaker Johnson says White House doesn’t ‘call...

March 16, 2024

San Francisco Mayor London Breed blasts homeless coalition:...

August 25, 2023

Cruz’s new book ‘Unwoke’ shows readers how to...

November 6, 2023

Here’s what I’d like you all to remember...

April 15, 2024

Netanyahu facing internal pressure to end cease-fire, resume...

November 30, 2023

Michael Cohen admits to inadvertently citing fake cases...

December 30, 2023

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      ‘This is a life-changing event’: Floridians start an arduous recovery as Idalia keeps thrashing North Carolina

      September 1, 2023
    • 2

      Waymo offers teen accounts for driverless rides

      July 9, 2025
    • 3

      Strong Leach Recoveries and Low Impurities

      July 9, 2025
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Tesla asks shareholders to vote again on Musk’s $56 billion payout

      April 18, 2024
    • 6

      Eruption of Indonesia’s Mount Lewotobi Laki Laki volcano sends ash 11 miles high

      July 7, 2025
    • 7

      North Korea says it launched new ‘tactical nuclear attack’ submarine. South Korea doubts it works

      September 11, 2023

    Categories

    • Business (1,073)
    • Investing (2,114)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,419)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved