Secretary Rubio discusses targeted individuals and entities, including those in Iraq, the UAE, and China.
Secretary of State Marco Rubio announced that the U.S. is expanding sanctions against individuals and entities in Iran, China, Belarus, and the United Arab Emirates for actions to help Iran acquire or use weapons and military equipment.
Secretary Rubio explained that the sanctions are against “several China-based entities” accused of providing “satellite imagery to enable Iran’s military strikes against U.S. forces in the Middle East.”
“We are designating entities and individuals enabling efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs,” Secretary Rubio stated. “The United States will take all necessary action at its disposal to target third-country entities and individuals aiding Iran’s military and defense industrial base.”
The move came as the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on several Iranian banking systems and people believed to be assisting Iran in moving and converting oil revenue through international financial networks.
“As Iran’s military desperately tries to regroup, Economic Fury will continue to deprive the regime of funding for its weapons programs, terrorist proxies, and nuclear ambitions,” said Secretary of the Treasury Scott Bessent. “Treasury will continue to cut the Iranian regime off from the financial networks it uses to carry out terrorist acts and to destabilize the global economy.”
As the Lord Leads, Pray with Us…
- For Secretaries Rubio and Bessent as they determine the individuals and entities to sanction that have provided military or banking support to Iran’s regime.
- For Treasury Department and OFAC officials as they evaluate the financial crimes and security concerns resulting from the actions of Iran, China, and other nations.
- For U.S. government and financial leaders to be discerning as they oversee sanctions and international financial policy.
Sources: Daily Caller, Department of the Treasury
