Current:Home > MarketsUS issues more sanctions over Iran drone program after nation’s president denies supplying Russia -Streamline Finance
US issues more sanctions over Iran drone program after nation’s president denies supplying Russia
TradeEdge View
Date:2025-04-09 18:51:15
WASHINGTON (AP) — The U.S. on Tuesday imposed sanctions on seven people and four companies in China, Russia and Turkey who officials allege are connected with the development of Iran’s drone program.
The U.S. accuses Iran of supplying Russia with drones used to bomb Ukrainian civilians as the Kremlin continues its invasion of Ukraine.
The latest development comes after Iran’s President Ebrahim Raisi denied his country had sent drones to Russia for use in the war in Ukraine.
“We are against the war in Ukraine,” President Raisi said Monday as he met with media executives on the sidelines of the world’s premier global conference, the high-level leaders’ meeting at the U.N. General Assembly.
The parties sanctioned Tuesday by Treasury’s Office of Foreign Assets Control include: An Iranian drone company previously sanctioned in 2008, now doing business as Shahin Co., its managing executives, a group of Russian parts manufacturers and two Turkish money exchangers, Mehmet Tokdemir and Alaaddin Aykut.
Treasury said the action builds on a set of sanctions it issued last March, when Treasury sanctioned 39 firms linked to an alleged shadow banking system that helped to obfuscate financial activity between sanctioned Iranian firms and their foreign buyers, namely for petrochemicals produced in Iran.
Brian E. Nelson, Treasury’s undersecretary for terrorism and financial intelligence, said Iran’s “continued, deliberate proliferation” of its drone program enables Russia “and other destabilizing actors to undermine global stability.”
“The United States will continue to take action” against Iran’s drone program, he said.
Matthew Miller, a spokesman for the State Department, said the U.S. “will continue to use every tool at our disposal to disrupt these efforts and will work with Allies and partners to hold Iran accountable for its actions.”
Among other things, the sanctions deny the people and firms access to any property or financial assets held in the U.S. and prevent U.S. companies and citizens from doing business with them.
Tensions between the U.S. and Iran remain high, despite the release of five American detainees from Iran this week in exchange for the release of nearly $6 billion in frozen Iranian assets.
veryGood! (9)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- The Daily Money: Spending more on holiday travel?
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Small twin
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Retirement planning: 3 crucial moves everyone should make before 2025
- Nevada attorney general revives 2020 fake electors case
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Skins Game to make return to Thanksgiving week with a modern look
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Sam Taylor
US appeals court rejects Nasdaq’s diversity rules for company boards
Skins Game to make return to Thanksgiving week with a modern look
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'