Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

EU to sanction 4 for supplying Iranian drones to Russia

The sanctions will come into force on Thursday. (AFP)
  • After 3 days of talks, EU ambassadors agreed on measures against entities supplying Iranian drones that hit Ukraine, said the EU.
  • Ukraine accused Russia of using four Iranian-made drones to bomb Kyiv Monday and said its air defenses have shot down 223 drones

PRAGUE, CZECH REPUBLIC – The EU has agreed sanctions against three individuals and one entity supplying Iranian drones to Russia that have been used to bomb Ukraine, the EU’s Czech presidency said on Thursday.

“After three days of talks, EU ambassadors agreed on measures against entities supplying Iranian drones that hit Ukraine,” the presidency said on Twitter.

The sanctions will come into force on Thursday.

“EU states decided to freeze the assets of three individuals and 1 entity responsible for drone deliveries,” the presidency said.

“The EU is also prepared to extend sanctions to four more Iranian entities that already featured in a previous sanctions list,” it said.

Ukraine accused Russia of using four Iranian-made drones to bomb Kyiv on Monday and said its air defenses have shot down 223 Iranian drones since mid-September.

The Kremlin says it has no knowledge of its army using Iranian drones in Ukraine and Tehran has said the claims that it is providing Russia with weapons are “baseless”.

European Council chief Charles Michel welcomed the move as he prepares to host the 27 EU leaders at a summit in Brussels this week.

“We take swift action against Iran who supports Russia’s war in Ukraine,” he said.

Czech Prime Minister Petr Fiala said the sanctions were “aimed at the persons and entities that manufacture and supply the drones”.

“This is our clear response to the Iranian regime providing Russia with drones, which it uses to murder innocent Ukrainian citizens,” he said.