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...
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Tag: Ukraine
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EDA to Focus on Collaborative Defense, Joint Capability Acquisition; Jiri Sedivy Quoted
The European Defence Agency will support the defense ministries of European Union member states in developing and producing defense capabilities under the newly approved 2024 Long-Term Review. The latest LTR, which received the approval of 27 defense ministers at the EDA Steering Board meeting, updates EDA’s core tasks to five, with a focus on joint...
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Canada Commits $76M to Germany’s Initiative Supporting Ukraine
Canada has pledged $76 million to a German initiative to accelerate the delivery of air defense systems to Ukraine. The move is in response to Russia’s aerial attacks targeting Ukrainian critical infrastructures such as hospitals and power plants. The contribution was announced during a bilateral meeting between Canadian Minister of National Defence Bill Blair and...
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US OKs Ukraine’s Request to Purchase HIMARS Missile Launchers
The United States has approved Ukraine’s request to purchase three High Mobility Artillery Rocket Systems. The Department of State classified the proposed foreign military sale as an emergency case and waived the required congressional review for the arms deal, according to the Defense Security Cooperation Agency. The HIMARS shipment will cost around $30 million and...
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Lithuania, Netherlands Discuss Joint Efforts to Maintain Regional Security
The defense ministers of Lithuania and the Netherlands have affirmed their commitment to strengthening security in the Baltic region. During a meeting with his Lithuanian counterpart Laurynas Kasciunas, Dutch Minister of Defence Kajsa Ollongren revealed that Amsterdam is extending its participation in the enhanced Forward Presence Battalion Battle Group Lithuania for another two years. The...
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US Treasury Sanctions Iran-Affiliated Company Supplying Drones to Russia
Sahara Thunder, a company identified as a front for Iran’s Ministry of Defense and Armed Forces Logistics, faces sanctions in the United States for facilitating the design, development, manufacture and sale of drones in support of Russia’s war in Europe. According to the Department of the Treasury’s Office of Foreign Assets Control, the Russian government...
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Ukraine, Israel, Taiwan to Receive US Security, Humanitarian Assistance Under New Law
President Joe Biden has signed a bill into law providing seven federal agencies with additional funding to deliver assistance to Ukraine, Israel and Taiwan. The legislation also authorizes the president to transfer defense articles and services from the Department of Defense to foreign countries or international organizations and enables the implementation of sanctions against foreign...
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US Expands Export Controls of Technologies to Russia, Iran Following Air Attack on Israel
The United States is expanding its list of items that require a license to be exported to Iran and Russia. On Monday, the Bureau of Industry and Security amended the Export Administration Regulations and added new items to the foreign direct product rules governing the two adversarial nations. FDP rules control the export of materials...
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UK Government Pledges $311M to Boost Ukraine’s Artillery Reserves
The United Kingdom has pledged about $310.6 million to strengthen its artillery supply chains in support of Ukraine. The U.K. Ministry of Defence said the new funding will be spent over the coming months to boost Kyiv’s artillery ammunition reserves. The funding package was announced to mark the second anniversary of Russia’s full-scale invasion of Ukraine...
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US, Ukrainian Companies Unveil Accelerator Project to Support Defense Tech Startups
A group of companies based in Ukraine and the United States has launched Mits, an international accelerator project to support defense technology startups in Ukraine. According to Mits Capital, the initiative will link small tech companies with international partners to help them develop defense capabilities for immediate use by the Ukrainian military. Unveiled in Kyiv...