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Treasury sanctions China- and Hong Kong-based suppliers in IRGC weapons procurement networks

Mountain Time
Local time
1:45 PM in New York
Where
Washington, D.C., United States

The U.S. Treasury sanctioned nine individuals and entities it said supported weapons procurement for the IRGC and Iran's defence ministry, including China- and Hong Kong-based people and companies and a Hong Kong firm in Iran's clandestine banking network that attempted procurement-related transactions.

Why it matters

It was Treasury's third Iran sanctions action in nine days, running alongside the naval blockade and the resumed U.S. strikes.

Sources (2)

Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels