Treasury announces new sanctions on entities and people securing machinery for Iran's defense.

Pennie Fay

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PennieFay@PennieFay

June 20, 2025

Treasury announces new sanctions on entities and people securing machinery for Iran's defense.

The new actions target: Hong Kong-based Unico Shipping, Shun Kai Xing, a bulk carrier owned by Unico Shipping, Zhang Yanbang, shipmaster of the Shun Kai Xing, China-based Futech, Hong Kong-based Athena Shipping, Singapore-based V-Shipping, China-based Shenzhen Xinxin Shipping, Turkey-based Edis Dis Ticaret Limited Sirketi.

https://justthenews.com/government/federal-agencies/treasury-announces-new-sanctions-entities-and-people-securing-machinery

JUSTTHENEWS.COM

Treasury announces new sanctions on entities and people securing machinery for Iran's defense

The move is meant to weaken Iran's military amid the conflict, and comes as countries warn Iran is close to developing a nuclear weapon after it increased its production of near weapons-grade

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