The United States and the United Kingdom announced widespread sanctions against Iranโs military drone programme on Thursday in response to its weekend attack against Israel.
Washington is targeting โ16 individuals and two entities enabling Iranโs UAV production, including engine types that power Iranโs Shahed variant UAVs, which were used in the April 13 attack,โ the Treasury Department said in a statement, referring to Iranโs unmanned aerial vehicle program.
The United Kingdom is also imposing sanctions โtargeting several Iranian military organizations, individuals and entities involved in Iranโs UAV and ballistic missile industries,โ the Treasury Department said.
Tehran launched its first-ever direct military attack on Israel late Saturday in retaliation for an April 1 air strike on the Iranian consulate in Damascus โ widely blamed on Israel โ that killed seven members of the Islamic Revolutionary Guard Corps, including two generals.
The large-scale attack involved more than 300 drones and missiles, most of which were shot down by Israel and its allies including the US and the UK, causing little damage.
In response to the attacks, Israelโs prime minister, Benjamin Netanyahu, said Israel reserves the right to protect itself.
โToday, in coordination with the United Kingdom and consultation with partners and allies, we are taking swift and decisive action to respond to Iranโs unprecedented attack on Israel,โ US Treasury Secretary Janet Yellen said in a statement.
โWeโre using Treasuryโs economic tools to degrade and disrupt key aspects of Iranโs malign activity, including its UAV program and the revenue the regime generates to support its terrorism,โ she continued.
โWe will continue to deploy our sanctions authority to counter Iran with further actions in the days and weeks ahead,โ she added.
Alongside its sanctions against Iranโs UAV program, the US is also sanctioning five companies providing parts for Iranโs steel industry.
โIranโs metals sector generates the equivalent of several billion dollars in revenue annually, with the majority coming from steel exports,โ the Treasury Department said, adding it had also sanctioned an automaker involved in providing โmaterial supportโ to Iranโs Islamic Revolutionary Guard Corps.
ย
ย
Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG
REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. ADVERTISE YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS AT INFO@METRODAILYNG.COM

