US sanctions Iran's ballistic missile program

The US has imposed fresh new sanctions on 11 Iranian companies and individuals preventing them from using the US banking system.

US sanctions Iran's ballistic missile program

World Bulletin / News Desk

The United States on Sunday announced new sanctions linked to Iran's ballistic missile program, just a day after sanctions targeting its nuclear program were lifted.

Five Iranian nationals and a network of companies based in the United Arab Emirates and China were added to an American blacklist, the US Treasury Department announced in a statement. 

The network "obfuscated the end user of sensitive goods for missile proliferation by using front companies in third countries to deceive foreign suppliers," the statement said, adding that the five individuals had "worked to procure ballistic missile components for Iran."

Adam J. Szubin, acting under secretary for terrorism and financial intelligence, said that “Iran’s ballistic missile program poses a significant threat to regional and global security, and it will continue to be subject to international sanctions.”

 

Last Mod: 17 Ocak 2016, 17:33
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