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US imposes new sanctions on 5 subsidiaries of Iranian industrial group

US imposes new sanctions on 5 subsidiaries of Iranian industrial group
The US placed sanctions on five subsidiaries of an Iranian industrial group that is considered key in the development and production of the country’s ballistic missiles, The Washington Post newspaper reported.

The sanctions imposed by the Office of Foreign Assets Control, an arm of the Treasury Department, targeted companies that are owned or controlled by the Shahid Bakeri Industrial Group, an Iranian defense entity that already is under US sanctions.

Last month, Nikki Haley, the US ambassador to the UN, showed reporters fragments from missiles that had been launched by Yemeni Houthi terrorists into Saudi Arabia. One shredded fragment had the Shahid Bakeri logo on it, seeming proof that it was manufactured in Iran.

The latest sanctions were directed at Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center and Shahid Shustari Industries, all linked to Shahid Bakeri. Each produces a specific component of ballistic missiles, such as guidance and control systems, motor cases or fiber materials.

“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,” said Treasury Secretary Steven Mnuchin. 

“As the Iranian people suffer, their government and the IRGC (Iranian Revolutionary Guard Corps) fund foreign militants, terrorist groups and human rights abuses.”

The new sanctions come after a week of anti-government protests that have spread across Iran in towns and small cities that previously were considered bulwarks of government support. 
Last Modified: Friday، 05 January 2018 12:49 PM