Three Hong Kong-based companies and one Iranian entity have been supplying materials and sensitive technology for Iranian drones and missile production according to the US Department of the Treasury.
The sanctions represent Washington's latest efforts to punish Tehran, whose proxies in Iraq, Lebanon, Syria, Yemen and the Gaza Strip have attacked US and Israeli targets
The sanctions target a key procurement network supplying materials for Iran's ballistic missile and UAV programs, highlighting Iran's continued proliferation of advanced weaponry.
Treasury Sanctions Transnational Procurement Network Supporting Iran s Ballistic Missile and UAV Programs globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.