The Department of the Treasury’s Office of Foreign Assets Control has sanctioned four Iranian entities and an executive for enabling the production of components for Iran‘s unmanned aerial vehicle program. Brian Nelson, undersecretary of the treasury for terrorism and financial intelligence, said the restrictive measures, including blocking of assets, aim to “disrupt Iran’s production and...
Hello, Guest!
Tag: sanctions
Post
More US Defense Contractors Face Chinese Sanctions for Providing Weapons to Taiwan
China’s Commerce Ministry has announced sanctions against U.S. defense contractors Boeing Defense, Space & Security, General Atomics Aeronautical Systems Inc. and General Dynamics Land Systems. The ministry said the businesses were added to its “unreliable entity” list, including other U.S. companies Lockheed Martin and Raytheon Missiles & Defense, for supplying weapons to Taiwan. Listed organizations...
Post
Treasury Designates Companies, Vessels Shipping Commodities to Finance Houthis
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned several foreign companies and vessels for transporting commodities to finance the terror activities of the Houthi militant group. According to the agency, Marshall Islands-based Reneez Shipping and the Hongkong Unitop Group operated Palau-flagged Reneez and Panama-flagged Eternal Fortune, respectively, to ship cargos on...
Post
US Treasury Designates Entities, Individuals Involved in Iranian Drone, Missile Production
The Department of the Treasury’s Office of Foreign Assets Control has designated 16 individuals and several entities for enabling Iran’s production of unmanned aerial vehicles and ballistic missiles used in a weekend attack against Israel. Companies and individuals subject to assets and trade restrictions include Oje Parvaz Mado Nafar Co. and its CEO Mohammad Sadegh...
Post
Ultra I&C’s New Cyber Centre of Excellence to Support UK CyberFirst Program; Richard Dingley Quoted
Ultra Intelligence & Communications has expanded its operations in the United Kingdom with the opening of a flagship facility in Maidenhead. The Cyber Centre of Excellence facility will provide jobs for 250 engineers and support the U.K. National Cyber Security Centre’s CyberFirst program designed to encourage talented students to build a careers in the cybersecurity...
Post
China Announces New Round of Sanctions on US Companies Over Arms Sales Deal With Taiwan
China has sanctioned U.S. companies General Atomics Aeronautical Systems Inc. and General Dynamics Land Systems over arms deals with Taiwan, which it considers a breakaway province. The economic action bans senior executives from both defense technology providers from entering China and freezes access to company assets in the country. General Dynamics operates Gulfstream and jet...
Post
US Expands Sanctions Against Military-Run Myanmar, Adds Jet Fuel Supply Curbs
The U.S. Department of the Treasury has announced sanctions against companies and individuals helping the jet fuel procurement of Myanmar’s military junta on the back of reports that it has been launching deadly airstrikes on civilian crowds. The sanctions issued Wednesday by the department’s Office of Foreign Assets Control named Shoon Energy Pte Ltd, PEI Energy...
Post
US Adds Entities to Sanctions List Over Connections to Iranian UAV Program
The U.S. government has sanctioned five entities and two individuals from Iran, China, Hong Kong, Turkey and the United Arab Emirates for their involvement in supplying parts Iran requires for its one-way attack drones. In its announcement Wednesday, the Department of the Treasury Office of Foreign Assets Control identified the designated organizations as: Pishgam Electronic...
Post
Viasat, BAE Systems, Other US Defense Companies Receive Chinese Sanctions Over Arms Sales to Taiwan
China has issued new sanctions on five U.S.-based arms manufacturers over sales of weapons to Taiwan, which it considers a renegade province. According to an AP News report, the Chinese Foreign Ministry said in a statement Sunday that it has barred organizations and individuals in China from doing business with AeroVironment, Alliant Techsystems Operation, BAE Systems...
Post
US Sanctions 3 Entities for Supporting Pakistan’s Ballistic Missile Development Program
The United States has sanctioned three China-based entities tagged for allegedly supplying critical components for Pakistan’s ballistic missile development program. The three designated companies are General Technology Ltd, Beijing Luo Luo Technology Development Co. and Changzhou Utek Composite Co. In a statement, Matthew Miller, a spokesperson for DOS, said the companies engaged in activities that...