The U.S. Treasury Department on Wednesday announced sanctions against five entities and two individuals from Iran, China, Turkey, and the United Arab Emirates that facilitate the supply of components for Iran's drone program.
Source: US Treasury Department report
Details: According to the United States, a network of companies and individuals facilitated the supply and financial transactions in support of the purchase of servo motors, a critical component used in Iranian Shahed drones.
Among other things, the United States blacklisted the Iranian company Pishgam Electronic Safe Company, which purchased thousands of servo motors for UAVs for hundreds of thousands of dollars, and its head Hamid Reza Janghorbani.
The sanctions also apply to a Hong Kong-based company that has fulfilled several orders for servo motors worth more than a million dollars, and its representative Fan Yan; two Turkish firms and one from the UAE that facilitated Iran's financial transactions.
This is the ninth round of U.S. sanctions against Iran's Shahed drone program, designed to stop Tehran's illegal activities and deter it from further armed support for Russia.
Author - Olena Madiak, 27/09/2023