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Procurement Network

All articles tagged with #procurement network

world1 hour ago•9 min saved

US widens Iran sanctions to choke oil lifelines and international partners

The US announced sweeping new sanctions on Iran and nearly 60 affiliated entities worldwide to sever Tehran’s oil-revenue networks and isolate Tehran, targeting a multinational procurement web linked to Iran’s nuclear, missile and cyber programs and five sustaining sectors—digital assets, technology, gold, aviation, and shipping. Iran denounced the move; China urged restraint, and Washington signaled it will give partners time to cut ties rather than blow up the global financial system.

via Al Jazeera|

#global-economy #iran-sanctions #oil-revenue

international-relations2 years ago•6 min saved

International Network Charged with Illegally Supporting Iran's UAV Program

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on 10 entities and four individuals based in Iran, Malaysia, Hong Kong, and Indonesia for supporting Iran's unmanned aerial vehicle (UAV) production. Led by Hossein Hatefi Ardakani, this procurement network has facilitated the acquisition of components worth hundreds of thousands of dollars for Iran's Islamic Revolutionary Guard Corps Aerospace Force Self Sufficiency Jihad Organization (IRGC ASF SSJO) and its UAV program. The U.S. Departments of Justice, Homeland Security, and the Treasury are taking joint action to disrupt these illicit procurement networks and hold accountable those who support them.

via Treasury|

#international-relations #iran #middle-east

international-relations2 years ago•4 min saved

"Treasury Targets Transnational Network Backing Iran's One-Way Attack UAV Program with Sanctions"

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on five entities and two individuals involved in the procurement of sensitive parts for Iran's one-way attack unmanned aerial vehicle (UAV) program. The network has facilitated shipments and financial transactions in support of Iran's supply of UAVs to Russia, which are being used in Russia's illegal invasion of Ukraine. The sanctions target entities and individuals based in Iran, China, Hong Kong, Turkey, and the United Arab Emirates. This action is part of ongoing efforts to hold accountable those contributing to Iran's proliferation of UAVs to destabilizing actors.

via Treasury|

#international-relations #iran #procurement-network