
The United Arab Emirates has closed down 40 international and local firms. This is part of a crackdown on companies that violate UN sanctions on Iran.
These companies have been dealing in “dual-use and dangerous materials banned under UN resolutions and the nuclear non-proliferation treaty. “Operations of any company in the UAE proved to have connections with the Iranian Revolutionary Guard Corps, other entities or individuals subject to the UN asset freeze will immediately be shut down,” the Gulf News reported quoting an unnamed UAE official.
On June 9, the UN Security Council slapped a fourth round of sanctions on Iran over its controversial nuclear drive, this time tightening the noose on military and financial transactions. The resolution bans the sale to Iran of eight new types of heavy weapons and applies new restrictions on Iranian investments abroad.
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