US sanctions on Turkish companies

The US Department of the Treasury has added 32 individuals and entities to its sanctions list, alleging that they contributed to Iran's ballistic missile and unmanned aerial vehicle supply chain. Seven companies from Turkey are also included in this list.

The sanctions cover individuals and companies operating in Iran, Turkey, the United Arab Emirates, China, Hong Kong, India, Germany, and Ukraine. It was stated that these individuals and entities are involved in supply chains that enable the continuation of Iran's missile and UAV programs.

The US Department of the Treasury stated that these networks pose a serious threat to US and allied personnel in the Middle East and to commercial vessels in the Red Sea. It was emphasized that the Hong Kong-based companies QianXiLong and Hin Yun are part of the supply chain for Mado, an entity that produces engines used in Iran's Shahed-131 and Shahed-136 UAVs.

It was reported that these two Hong Kong-based companies received payments amounting to hundreds of thousands of dollars from companies operating in Turkey, such as Arkedya Gıda, Intro Oto Yedek Parça, Own Uçar Gıda, Royal Yapı İnşaat, Loris Turizm, Özkam Nakliyat, and Artaş Gümrükleme, and were therefore included in the sanctions list.

News Source: 12punto