OFAC Sanctions Iranian UAV Company Executives
The Office of Foreign Assets Control added seven people to its Specially Designated Nationals List in connection with Iranian unmanned aerial vehicle shipments to Russia, it said in a Jan. 6 news release. The designees are six executives and board members of previously designated Qods Aviation Industries (QAI), an Iranian defense manufacturer that designs and produces UAVs being transferred to Russia for use in Ukraine. OFAC also sanctioned the director of Iran’s Aerospace Industries Organization, the "key organization responsible for overseeing Iran’s ballistic missile programs." The agency also updated QAI’s entry on the SDN List to include its new alias, Light Airplanes Design and Manufacturing Industries.
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“The United States will act swiftly against individuals and entities supporting Iran’s UAV and ballistic missile programs and will stand resolutely in support of the people of Ukraine," Treasury Secretary Janet Yellen said.