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Times of India·3 min read·medium

US issues new non-proliferation sanctions targeting individuals, entities in Iran, Russia

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TOI BUSINESS DESK
US issues new non-proliferation sanctions targeting individuals, entities in Iran, Russia
✦AI Summary

The US Treasury has imposed new sanctions on seven individuals and entities across Iran, Russia, Italy, and Nigeria. These measures target procurement networks allegedly supporting Iran's weapons programs and the Islamic Revolutionary Guard Corps.

Why it matters

This action reflects ongoing US efforts to disrupt global illicit financial and supply chains linked to Iranian military activities and weapons proliferation.

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The United States on Wednesday imposed fresh non-proliferation sanctions on seven individuals and entities across Iran, Russia, Italy and Nigeria for allegedly supporting weapons procurement on behalf of Iran's Islamic Revolutionary Guard Corps (IRGC). The action, announced by the US treasury department's office of foreign assets control (OFAC), comes after Iran's attacks on commercial vessels in the Strait of Hormuz and is aimed at disrupting procurement and financial networks that Washington says sustain Iran's weapons programmes.Treasury Secretary Scott Bessent said the sanctions were part of the Trump administration's broader effort to deny Iran access to resources supporting its military activities."President Trump has been clear that Iran must denuclearize.

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