Iran UAV Program

US Issues Sanctions Related to Iran's UAV Program

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned four entities associated with OFAC-designated Rayan Roshd Afzar Company (RRA) that have supplied significant material for Iran’s UAV program. Additionally, OFAC has sanctioned an Iranian executive, Afshin Khajeh Fard, of the Iran Aviation Industries ...

US Sanctions 'Shadow Banking Network' Supporting Iran

The United States unveiled sweeping sanctions Tuesday against almost 50 individuals and companies it says were part of a "shadow banking" network that moved billions of dollars for Iran's military. The sanctions target a network of Iranian exchange houses and foreign firms that enabled Iran's defense ministry and Islamic Revolutionary Guard Corps ...

US Sanctions Iranian and Chinese Firms for Aiding Tehran's UAV Program

The United States sanctioned five people and seven companies in China and Iran on Tuesday, accusing them of aiding Tehran's ballistic missile and drone programs. The sanctions targeted individuals and companies in China, Hong Kong and Iran involved in procuring key components for "subordinates" of Iran's Ministry of Defense and Armed Forces ...