Current:Home > StocksUS issues more sanctions over Iran drone program after nation’s president denies supplying Russia -Clarity Finance Guides
US issues more sanctions over Iran drone program after nation’s president denies supplying Russia
View
Date:2025-04-16 16:43:58
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! (81935)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Consumer spending data looks solid, but some shoppers continue to struggle
- Alaska governor vetoes bill requiring insurance cover a year of birth control at a time
- Nvidia, chip stocks waver after previous day's sell-off
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Jury selection will begin in Hunter Biden’s tax trial months after his gun conviction
- White Lotus' Meghann Fahy Debuts Daring Sheer Lingerie Look on Red Carpet
- NFL kickoff rule and Guardian Cap could be game changers for players, fans in 2024
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- A transgender teen in Massachusetts says other high schoolers beat him at a party
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Regulators call for investigation of Shein, Temu, citing reports of 'deadly baby products'
- Why is Beijing interested in a mid-level government aide in New York State?
- They made a movie about Trump. Then no one would release it
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- US Open: Tiafoe, Fritz and Navarro reach the semifinals and make American tennis matter again
- Rail Ridge wildfire in Oregon consumes over 60,000 acres; closes area of national forest
- 1000-Lb. Sisters’ Tammy Slaton Picks Up Sister Amy’s Kids After Her Arrest
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Alaska governor vetoes bill requiring insurance cover a year of birth control at a time
Jason Kelce Thinks This Moment With Taylor Swift's Cats Will Be Hilarious
Jason Kelce Thinks This Moment With Taylor Swift's Cats Will Be Hilarious
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Bill Belichick, Nick Saban were often brutal with media. Now they are media.
Website offers $1,000 for a 'Pumpkin Spice Pundit' to taste-test Trader Joe's fall items
The Best Halloween Outfits to Wear to Universal Studios’ Halloween Horror Nights 2024