Categories: Business

U.S. targets manufacturing, switch of Iranian drones to Russia in new sanctions By Reuters

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© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks at a information convention throughout the Annual Conferences of the Worldwide Financial Fund and World Financial institution in Washington, U.S., October 14, 2022. REUTERS/Elizabeth Frantz/File Picture

WASHINGTON (Reuters) – America on Tuesday imposed sanctions on firms it accused of being concerned within the manufacturing of or switch to Russia of Iranian drones which were utilized in assaults on civilian infrastructure in Ukraine.

The U.S. Treasury Division in a press release stated it imposed sanctions on the Shahed Aviation Industries Analysis Middle, accusing it of being answerable for the design and manufacturing of Shahed-series drones being utilized by Russian forces in Ukraine, in addition to different firms.

Russia has managed to obtain drones from Iran which were used to assault cities and energy infrastructure in Ukraine. Iranian army entities and industries are already below heavy U.S. sanctions over Tehran’s nuclear improvement program

“As we’ve got demonstrated repeatedly, america is decided to sanction folks and firms, regardless of the place they’re positioned, that assist Russia’s unjustified invasion of Ukraine,” Treasury Secretary Janet Yellen stated within the assertion.

“Immediately’s motion exposes and holds accountable firms and people which have enabled Russia’s use of Iranian-built UAVs to brutalize Ukrainian civilians,” she stated, utilizing the acronym for unmanned aerial automobile.

Non-public army firm Wagner group, Iran’s Islamic Revolutionary Guard Corps Aerospace Pressure, and Qods Aviation Industries – already below U.S. sanctions – had been additionally designated by the State Division in Tuesday’s transfer, the Treasury stated.

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