The son of former Iranian Defense Minister Hossein Shamkhani is part of a group of businessmen involved in arms supplies across the Caspian Sea to Russia, accounting for over a quarter of the total volume of Iranian arms shipments to the Russian Federation for the war against Ukraine, reports Bloomberg on December 24.
"Hossein Shamkhani, through a network of companies he oversees, including the Dubai-based Crios Shipping LLC, began transporting missiles, drone components, and dual-use goods across the Caspian Sea on at least two vessels last year," the publication states, citing officials from the US, UK, and Europe.
According to sources tracking the transactions, Shamkhani’s network of companies handles more than a quarter of the total Iranian arms shipments to Russia. Moscow pays for these supplies with oil - such barter trade is becoming increasingly common due to US and European sanctions against Russia and Iran.
It is emphasized that these deals coincide with Russia's increased use of Iranian weapons in its attacks on Ukraine, representing yet another aspect of a global business network that has enriched the son of the former Iranian defense minister.