On June 25, the United States imposed sanctions on nearly 50 individuals and organizations for their involvement in the transfer of billions of dollars to the military forces of the Islamic Republic of Iran.

Axar.az reports that the US Ministry of Finance has released information about this.

It was reported that these individuals and institutions created a "shadow banking network" used by the Islamic Revolutionary Guard Corps, as well as the Iranian Ministry of Defense.

"This bank network provided access to the international financial system to the SEPAH and the Ministry of Defense. Since 2020, the two institutions have assisted in the transfer of billions of dollars obtained from the sale of oil and petrochemical products," the information said.

According to the US Department of the Treasury, the IRGC and the Department of Defense used their revenues to finance and arm Iran's proxy groups in the region, including Yemen's Houthis, through Iran's exchange networks and foreign front companies.

At the end of the ministerial statement, the SEPAH and the Ministry of Defense used these opportunities to transfer unmanned aircraft to Russia.