US sanctions board of directors of Iranian drone maker | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 21, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 21, 2025
US sanctions board of directors of Iranian drone maker

USA

Reuters
04 February, 2023, 08:55 am
Last modified: 04 February, 2023, 08:58 am

Related News

  • Trump dumps Netanyahu
  • Bangladeshis in US may suffer as 5% tax proposed on sending remittances by non-citizens
  • Trump envoy Witkoff cites US 'red line' with Iran against uranium enrichment
  • Israeli strikes kill 146 Palestinians in Gaza in 24 hours, local health authorities say
  • What if Iranians, Americans and Arabs made uranium together?

US sanctions board of directors of Iranian drone maker

Reuters
04 February, 2023, 08:55 am
Last modified: 04 February, 2023, 08:58 am
A man jogs past the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque
A man jogs past the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque

The United States on Friday imposed sanctions on the board of directors of Iranian drone maker Paravar Pars, the US Treasury Department said, adding Iranian drones were being used by Russia to attack Ukraine's critical infrastructure.

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.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Iranian entities continue to produce UAVs (unmanned aerial vehicles) for Iran's IRGC and military. More broadly, Iran is supplying UAVs for Russia's combat operations to target critical infrastructure in Ukraine," 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.

The United States on Tuesday had put new trade restrictions on seven Iranian entities for producing drones that Russia has used to attack Ukraine. The firms and other organizations were added to a US export control list for those engaged in activities contrary to US national security and foreign policy interests.

Since Russia launched its war against Ukraine in February 2022, the United States and over 30 other countries have sought to degrade its military and defense industrial base by restricting its access to defense needs.

Iran's mission to the United Nations in New York said on Tuesday: "Sanctions have no effect on Iran's drone production capacity because its drones are all produced domestically. This is a strong indication that the drones shot down in Ukraine and using parts made by Western countries don't belong to Iran."

World+Biz / Middle East

US / sanctions / Iran / Drone

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • National Security Adviser Khalilur Rahman speaks at a press briefing at the Foreign Service Academy on 21 May 2025. Photo: PID
    No talks on Myanmar corridor, only discussed channelling aid with UN: Khalilur Rahman
  • Photo: TBS
    Eid-ul-Adha: Rawhide to get costlier as govt plans to export to China, price announcement tomorrow
  • Photo: Collected
    Govt plans renewable energy, eco-tourism on unused tea estate land

MOST VIEWED

  • Demra Police Station officials with singer Mainul Ahsan Noble following his arrest from Dhaka's Demra area in the early hours of 20 May 2025. Photo: DMP
    Singer Noble arrested, sent to jail after woman allegedly confined, raped by him for 7 months rescued
  • How Renata's Tk1,000cr investment plan became a Tk1,400cr problem
    How Renata's Tk1,000cr investment plan became a Tk1,400cr problem
  • Govt to cut property registration tax by 40%, align deed value with market rates
    Govt to cut property registration tax by 40%, align deed value with market rates
  • Photo shows actress Nusraat Faria produced before the Chief Metropolitan Magistrate (CMM) Court on Monday, 19 May 2025. File Photo: Focus Bangla
    Nusraat Faria gets bail
  • Faiz Ahmad Taiyeb, special assistant to the chief adviser at the Ministry of Posts, Telecommunication and Information Technology speaks at a press briefing at the Foreign Service Academy on Tuesday, 20 May 2025. Photo: PID
    NoC is mandatory in installing Starlink connections: Taiyeb
  • Fired by US aid cuts, driven by courage: A female driver steering through uncertainty
    Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

Related News

  • Trump dumps Netanyahu
  • Bangladeshis in US may suffer as 5% tax proposed on sending remittances by non-citizens
  • Trump envoy Witkoff cites US 'red line' with Iran against uranium enrichment
  • Israeli strikes kill 146 Palestinians in Gaza in 24 hours, local health authorities say
  • What if Iranians, Americans and Arabs made uranium together?

Features

Football presenter Gary Lineker walks outside his home, after resigning from the BBC after 25 years of presenting Match of the Day, in London, Britain. Photo: Reuters

Gary Lineker’s fallout once again exposes Western media’s selective moral compass on Palestine

20h | Features
Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

Fired by US aid cuts, driven by courage: A female driver steering through uncertainty

1d | Features
Photo: TBS

How Shahbagh became the focal point of protests — and public suffering

2d | Panorama
PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

3d | Wheels

More Videos from TBS

What did Dr. Khalilur say about the 'corridor' and his citizenship?

What did Dr. Khalilur say about the 'corridor' and his citizenship?

1h | TBS Today
US finalizes $175 billion space project

US finalizes $175 billion space project

1h | TBS World
Govt to cut property registration tax by 40%, align deed value with market rates

Govt to cut property registration tax by 40%, align deed value with market rates

2h | TBS Insight
Ishraque's swear-in as mayor: Protesters block Matsya Bhaban, Kakrail

Ishraque's swear-in as mayor: Protesters block Matsya Bhaban, Kakrail

2h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net