Did the US Sanction an Indian Company Over Alleged Ties to Iran's Missile Programs?
Synopsis
Key Takeaways
- The US has sanctioned Farmlane Private Limited due to alleged links to Iran's missile program.
- Marco Klinge, the director, is claimed to have connections to Chinese suppliers.
- Sanctions prevent access to US financial systems and freeze US assets.
- UN sanctions on Iran were reinstated due to violations of the nuclear agreement.
- This move emphasizes the US's commitment to curbing Iran's military capabilities.
New York, Nov 13 (NationPress) The US has imposed sanctions on an Indian firm, claiming it has connections through one of its directors to Iran's missile program. The Treasury Department has included Chandigarh-based Farmlane Private Limited in a list of 32 entities and individuals targeted due to their purported links to a supply chain supporting Iran's missile and drone initiatives.
While the Treasury did not explicitly accuse Farmlane of supplying materials used in rocket propellant for missiles, it indicated that one of its directors was involved in a scheme that depended on suppliers from China.
Marco Klinge, identified as the director of Farmlane and currently residing in the United Arab Emirates, has been highlighted in these allegations.
According to the US Office of Foreign Assets Control, Klinge is a citizen of Germany.
As a result of the sanctions, this firm will be barred from accessing US financial systems, and any assets situated in the US will be frozen.
The sanctions were enacted following the reimposition of United Nations sanctions on Iran, as stated by Tommy Pigott, the State Department's Principal Deputy Spokesperson.
The UN restored these sanctions on September 27 after Iran was found to be in violation of the 2015 agreement pertaining to nuclear weapons development.
John Hurley, the Treasury Department’s Under Secretary for Terrorism and Financial Intelligence, remarked, “At the directive of President (Donald) Trump, we are exerting maximum pressure on Iran to eliminate its nuclear threat.”
He further stated, “The United States also anticipates that the international community will fully enforce UN snapback sanctions on Iran to sever its access to the global financial system.”
The Treasury noted that those sanctioned also hail from Germany, Ukraine, Turkiye, China, Hong Kong, and Iran, operating various procurement networks for Iran.