US Treasury issues Iran-related missile and drone sanctions

The U.S. on Wednesday sanctioned individuals and entities in several countries related to their support of Iran’s ballistic missile and drone production, in the
latest attempt to pressure Tehran.
A total of 32 individuals and entities based in Iran, the United Arab Emirates, Turkey, China, Hong Kong, India, Germany and Ukraine that operate multiple procurement networks are being targeted in Wednesday’s designations, the Treasury Department said in a statement.
“These networks pose a threat to U.S. and allied personnel in the Middle East and to commercial shipping in the Red Sea,” the department said in a statement.