U.S. sanctions network accused of aiding Iran’s drone and missile programs

The U.S. Treasury Department announced it is prepared to take economic action against Iran’s military-industrial base to prevent Tehran from rebuilding its manufacturing capacity, targeting companies in China, Hong Kong, the UAE, Belarus, and Iran. Sanctions are being imposed on entities aiding Iran’s drone and missile programs, including those facilitating procurement. Reports indicate Chinese companies are circumventing sanctions by mislabeling shipments of dual-use goods.