US sanctions companies supporting Iran’s drone industry, including Chinese and Russian firms

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The U.S. announced new sanctions against a network of companies and individuals providing financial and material support for Iran's drone industry, including Chinese and Russian firms.

Rep. Mike Gallagher, R-Wis., joined ‘Varney & Co.’ to discuss the Biden administration’s Iran deal, weighing in on the U.S.’s military spending strategy.

"The United States will continue to take action against Iran’s UAV procurement networks, and encourages jurisdictions to exercise the due diligence necessary to prevent the export of these components to Iran." The new round of sanctions hit seven individuals and four companies that support the production, procurement and maintenance of UAVs and military aircraft by the Iran Aircraft Manufacturing Industrial Company . It includes three individuals based in Iran, two individuals and one company based in China, three Russian companies and two individuals in Turkey.

 

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