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Iran's military expansion has been facilitated through the transnational procurement network supporting UAV and Ballistic Missile programmes.
Three Hong Kong-based companies and one Iranian entity have been supplying materials and sensitive technology for Iranian drones and missile production according to the US Department of the Treasury.
The sanctions represent Washington's latest efforts to punish Tehran, whose proxies in Iraq, Lebanon, Syria, Yemen and the Gaza Strip have attacked US and Israeli targets
The sanctions target a key procurement network supplying materials for Iran's ballistic missile and UAV programs, highlighting Iran's continued proliferation of advanced weaponry.
More U.S. sanctions were imposed Friday against Iranian ballistic missile and UAV programs, and malicious Iranian cyber activities on critical infrastructure.