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Free AccessWest Imposes Sanctions Over Russian Missile Supply
The US as well as France, Germany, and the UK have imposed a new round of sanctions on Iran having accused Tehran of sending ballistic missiles to Russia for use in its invasion of Ukraine. As we noted earlier (see 'SECURITY: WH NSC Spox Kirby: Iran-Russia Partnership Threatens European Security', 1557BST) Iran is accused of sending 'hundreds' of missiles to Russia. US Secretary of State Antony Blinken stated earlier today, “Russia has now received shipments of these ballistic missiles and will likely use them within weeks in Ukraine, against Ukrainians [...] The supply of Iranian missiles enables Russia to use more of its arsenal for targets that are further from the front line.”
- Ukrainian foreign ministry says that it will 'consider its options', which could include the cutting of ties with Iran, should Russia use Iranian missiles against Ukrainians.
- The E3 group (France, Germany, UK) called "the missile transfers “a direct threat to European security,” and said they would impose penalties on Iran, including the cancelation of bilateral air services agreements with Iran and sanctions on individuals and entities involved in Iran’s ballistic missile program. "We will also work towards imposing sanctions on Iran Air”.
- The increased sanctions come despite some speculation that the new 'reformist' administration of President Masoud Pezeshkian could be more inclined to seek dialogue with the west over the loosening of sanctions, compared to previous hardline regimes. The increase in missile supplies to Russia would seem to counter this narrative.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.