The Trump administration on Wednesday announced new sanctions on foreign firms, including those in China and India, supporting Iran‘s military capabilities through the production of ballistic missiles and drones.
The Treasury Department revealed that the sanctions target 32 entities and individuals in Iran, the United Arab Emirates, Turkey, China, Hong Kong, India, Germany, and Ukraine that operate weapons procurement networks on behalf of the Islamic Revolutionary Guard Corps and its overseas Quds Force. Both groups are designated terrorist organizations.
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