(MENAFN- Trend News Agency) The United States on Friday imposed sanctions on the board of
directors of Iranian drone maker Paravar Pars, the US Treasury
Department said, trend reports citing reuters .
The Treasury Department's Office of Foreign Assets Control
(OFAC) designated eight senior executives of Paravar Pars, the
department said in a statement.
The drone maker was previously sanctioned by the United States
and the European Union for making drones for Iran's Islamic
Revolutionary Guard Corps Aerospace Force.
“Iranian entities continue to produce UAVs (unmanned aerial
vehicles) for Iran's IRGC and military,” said Brian Nelson, the US
Treasury's top sanctions official.
As a result of Friday's action, all property and interests in
property of those individuals that are in the United States or in
the possession or control of US persons must be blocked and
reported to OFAC, the Treasury Department said. People that engage
in transactions with the individuals designated on Friday may
themselves be exposed to sanctions, the department added.
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