US Imposes Fresh Sanctions on Iran Amid Trump Vow to Intensify Strikes
According to reports, the Treasury Department announced that nine individuals and entities have been blacklisted for allegedly assisting Iran’s Islamic Revolutionary Guard Corps (IRGC), the Defense Ministry, and Armed Forces Logistics in obtaining weapons.
Treasury Secretary Scott Bessent said, "Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons.”
He added, “Treasury has frozen the Iranian regime’s assets, severely disrupted its economy, and dismantled the Iranian war machine. Treasury will not tolerate any support of the Iranian military."
The sanctioned network reportedly includes individuals and companies based in China. Among them is Liu Boyu, identified by the Treasury Department as the sole director of Mustad Limited, which is accused of facilitating the “IRGC’s procurement of millions of dollars’ worth of weapons.”
Two employees of the firm, Wang Hongyi and Xu Lichun, were also included in the sanctions list.
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