US announces sanctions on Iran drone procurement network
FILE - The Department of the Treasurys seal outside the Treasury Department building in Washington on May 4, 2021. The United States has slapped more sanctions on people and firms associated with Iran and with what it calls an illicit banking network used to conceal transactions. The U.S. said Thursday it placed the penalties on 39 firms linked to a shadow banking system that helped to muddy financial activity between sanctioned Iranian firms and foreign buyers, namely for petrochemicals. (AP Photo/Patrick Semansky, File) WASHINGTON (AP) — The United States said Tuesday it is imposing a new round of sanctions on Iranian firms and people accused of procuring equipment used for Iranian drones.
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