US sanctions target Iran’s drone programme

The US has issued new sanctions targeting Iran’s UAV programme. 

The move by the Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) on 31 May targeted entities and individuals involved in producing critical components for Iran’s UAV programme, as well as an executive at the nation’s Aviation Industries Organisation, which oversees several state-owned UAV manufacturers.

OFAC said its action ‘builds on [its] February 2, 2024; March 20, 2024; April 18, 2024; and April 25, 2024 actions targeting third-country procurement networks and executives supporting and overseeing Iranian UAV and missile production’.

‘Today’s action reinforces our commitment to disrupt Iran’s production and proliferation of deadly UAVs that continue to be used by Russia against Ukraine and by regional terrorist proxies against our troops,’ said Undersecretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson.

Treasury Targets Enablers of Iran’s UAV Production | U.S. Department of the Treasury