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U.S. imposes sanctions against procurement network due to export of goods to Iran

U.S. imposes sanctions against procurement network due to export of goods to Iran Photo: The U.S. imposed sanctions against the network due to the export of technology to Iran (Getty Images)

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a procurement network for facilitating the illegal export of goods and technologies to Iran, according to the U.S. Department of the Treasury website.

The blacklist includes, in particular, two individuals from Iran and one individual from the United Arab Emirates (UAE).

Additionally, sanctions have been imposed on companies in Iran, the UAE, and Türkiye associated with the Central Bank of Iran.

According to the U.S. agency, a procurement network is responsible for facilitating the export of goods and technologies from over 20 U.S. companies to end consumers in Iran, including the country's Central Bank.

It is also noted that among the purchased goods and technologies by the Central Bank of Iran, some were related to information security technology.

U.S. sanctions against Iran

It was previously reported that the United States imposed sanctions on companies that assisted Iran in the production of kamikaze drones.

In late November 2023, the U.S. imposed sanctions against both Iran and North Korea.