OFAC Sanctions Iranian UAV Manufacturer, Executives
The Office of Foreign Assets Control this week designated eight senior executives of Paravar Pars -- an Iranian company that manufactures Shahed-series unmanned aerial vehicles for Iran’s Islamic Revolutionary Guard Corps Aerospace Force -- and two Iranian naval vessels. The sanctions target Paravar Pars' board members, including CEO Hossein Shamsabadi, and the vessels Iris Makran and Iris Dena, an oil tanker serving as a UAV maintenance ship and an escorting frigate, respectively.
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The U.S. and the EU sanctioned Paravar Pars last year (see 2209080046), and the U.S. added the company to the Entity List last week (see 2301310007), for supplying UAVs to Russia. “The United States will continue to aggressively target all elements of Iran’s UAV program," said Brian Nelson, Treasury's undersecretary for terrorism and financial intelligence.