Kamis, 04 Januari 2018

Treasury sanctions Iranian entities linked to ballistic missile production

The Treasury Department on Thursday sanctioned five Iranian entities linked to the country’s ballistic missile program.

The action comes amid anti-government protests in Iran, which have received vocal support from the White House.

President Donald Trump must also decide by Jan. 11 whether to continue waiving economic sanctions against the country, which were lifted as part of the 2015 Iran nuclear deal. Those waivers must be renewed every 120 days.

The entities sanctioned today are affiliated with Iran’s Shahid Bakeri Industrial Group, which develops and produces missiles, Treasury said. The U.S. will freeze any financial assets of the designated entities that are within U.S. jurisdiction, and Americans are prohibited from dealing with them commercially.

The Shahid Bakeri Industrial Group itself is already sanctioned by the U.S. The new entities sanctioned are Shahid Kharrazi Industries; Shahid Sanikhani Industries; Shahid Moghaddam Industries; Shahid Eslami Research Center, and Shahid Shustari Industries. Each are responsible for different stages of development for ballistic missiles, Treasury said.

“These sanctions target key entities involved in Iran’s ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people,” Treasury Secretary Steven Mnuchin said in a statement.

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