US Sanctions Chandigarh-Based Company Over Iran Missile Links

NEW YORK, NY – The US has sanctioned an Indian company, alleging it has links through one of its directors to Iran’s missile program.

The Treasury Department listed the Chandigarh-based Farmlane Private Limited among 32 businesses and individuals sanctioned because of their alleged connections to a supply chain for Iran’s missile and drone programs.

The Treasury Department did not directly accuse Farmlane of supplying material used for rocket propellants for missiles, but said that one of its directors was involved in the scheme that relied on Chinese suppliers.

It identified Marco Klinge, who is based in the United Arab Emirates, as the director of Farmlane.

According to the US Office of Foreign Assets Control, he is a German citizen.

Under the sanctions, they will not be able to access US financial systems, and any assets in the US will be frozen.

The US invoked the reimposition of United Nations sanctions on Iran for the measures, Tommy Pigott, the State Department’s Principal Deputy Spokesperson, said.

The UN brought back the sanctions on September 27 because Iran violated the 2015 agreement against developing nuclear weapons.

The Treasury Department said that those sanctioned were also from Germany, Ukraine, Türkiye, China, Hong Kong, and Iran, and they operated multiple procurement networks for Iran. (IANS)