US Treasury imposes new ballistic missile sanctions on Iran

Washington has imposed sanctions on 11 companies and individuals for helping to supply Iran’s ballistic missile program, Russia Today quoted the US Treasury Department as saying on Sunday.

“Iran’s ballistic missile program poses a significant threat to regional and global security, and it will continue to be subject to international sanctions,” Adam J. Szubin, acting Under Secretary for Terrorism and Financial Intelligence, said in a press release.

“We have consistently made clear that the United States will vigorously press sanctions against Iranian activities outside of the Joint Comprehensive Plan of Action – including those related to Iran’s support for terrorism, regional destabilization, human rights abuses, and ballistic missile program.”

The Treasury’s Office of Foreign Assets Control says it will also block the assets of Mabrooka Trading, a company based in the United Arab Emirates, for providing Iran with parts used in their ballistic missiles. Others sanctioned include companies and individuals involved in the program, which supervised the testing of two ballistic missiles in 2015.

President Barack Obama’s administration delayed implementing the sanctions for more than two weeks, while negotiations to release two US prisoners being held in Iran were taking place, Reuters reported, citing its sources.

The US move comes after an Iranian missile test carried out in October that broke a UN Security Council resolution restricting the development of missiles that are capable of carrying nuclear warheads.

Source: MENA