More Iran Drone Sanctions: PRC Suppliers

Posted 2/28/25

Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned six entities based in Hong Kong and the People’s Republic of China (PRC) for procuring unmanned aerial vehicle (UAV) components on behalf of Iranian drone builder PKGB. This action builds upon prior designations, including those in February 2024 targeting Hong Kong-based procurement networks working for PKGB. The latest measures are part of efforts to disrupt PKGB’s attempts to reestablish supply chains and continue obtaining critical UAV parts from foreign sources.

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