U.S. unveils sanctions on Iran’s drone program following Israel attack

[Pelican Press 0]

U.S. unveils sanctions on Iran’s drone program following ******* *******

Unidentified men are carrying a model of Iran’s first-ever hypersonic missile, Fattah, past a mosque during a gathering to celebrate the IRGC UAV and missile ******* against *******, in Tehran, Iran, on April 15, 2024. 

Morteza Nikoubazl | Nurphoto | Getty Images

The Biden administration on Thursday announced new

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targeting Iran’s drone program for its recent ******* on *******.

The sanctions target 16 individuals and two entities involved in Tehran’s drone production. Companies involved in the country’s steel industry and providing vehicles to Iran’s military were also targeted.

“Today, in coordination with the ******* Kingdom and in consultation with partners and allies, we are taking swift and decisive action to respond to Iran’s unprecedented ******* on *******,” Treasury Secretary Janet Yellen said in a statement.

“We’re using Treasury’s economic tools to degrade and disrupt key aspects of Iran’s malign activity, including its [unmanned aerial vehicle] program and the revenue the regime generates to support its terrorism,” Yellen added.

The move comes as ******* weighs how to respond to the ******* last weekend, which Iran launched in retaliation for an ******** strike on an Iranian consulate in Syria earlier this month.

All of the sanctioned individuals’ property in the ******* States will be frozen. Entities in which the individuals have at least a 50% stake will also be blocked.

“Let it be clear to all those who enable or support Iran’s attacks: The ******* States is committed to *******’s security. We are committed to the security of our personnel and partners in the region. And we will not hesitate to take all necessary action to hold you accountable,” President Joe Biden said in a statement Thursday.

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Defense,Politics,Breaking News: Politics,Joe Biden,Janet Yellen,Iran,*******,Government and politics,Foreign policy,Janet Yellen,******* Kingdom,business news
#U.S #unveils #sanctions #Irans #drone #program #******* #*******

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