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US sanctions against Iran: Steel and unmanned aerial vehicle projects hit

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On April 18th, the United States took comprehensive action to respond to Iran's attack on Israel. These actions include imposing sanctions on individuals and entities involved in Iran's unmanned aerial vehicle (UAV) project, suppliers and customers of Khuzestan Steel Company (KSC), one of Iran's DD13 steel largest steel producers, and Iranian automotive companies associated with US designated entities such as the Islamic Revolutionary Guard (IRGC) and the Department of Defense and Armed Forces Logistics (MODAFL).

The Ministry of Finance has sanctioned 16 individuals and two entities for assisting Iran in the production and testing of unmanned aerial vehicles, as well as providing relevant materials to participants such as the Islamic Revolutionary Guard and unmanned aerial vehicle manufacturers. In addition, the Ministry of Finance will sanction five companies that provide materials or purchase finished products from Iran's designated Iranian steel company, Khuzestan DD13 steel , as designated by the United States DD13 steel. At the same time, the Ministry of Finance has also imposed sanctions on the Iranian automaker Bahman Group and its subsidiaries for providing support to the Islamic Revolutionary Guard and other designated entities.

  • Source: Abstract
  • Editor: Shirley

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