27 February 2024

The U.S. designated “two companies… that own and operate a vessel, the Panama-fagged Kohana, shipping over $100m in Iranian commodities to businesses in the People’s Republic of China on behalf of Iran’s Ministry of Defence and Arms Forces Logistics”. A senior Treasury Department official noted: “Iran’s Ministry of Defence is engaged in a series of schemes to fund destabilising activities that range from supplying militia groups with weapons used to attack U.S. forces to aiding Russia’s invasion of Ukraine”.

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