The U.S. on Wednesday imposed sanctions on a group of people and firms based in Iran, China, Hong Kong and Venezuela, tied to the development of Iran’s ballistic missile and drone programs.
The penalties come as the United Nations’ restrictions on Iran missile-related activities under a Security Council Resolution are set to expire, as well as the E.U. restrictions on Iran’s ability to obtain nuclear and conventional arms.
Treasury’s Office of Foreign Assets Control sanctioned 11 people, eight entities, and one vessel for having allegedly supported Iran’s Islamic Revolutionary Guard, Ministry of Defense and Armed Forces Logistics in their production and proliferation
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