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US adding new sanctions against Iran over missile program

Press TV – July 18, 2017

The administration of US President Donald Trump says it is imposing new economic sanctions against Iran over the Islamic Republic’s ballistic missile program.

The US Departments of Treasury and State said Tuesday they are targeting 18 Iranian individuals, groups and networks.

The new sanctions freeze any assets the targets may have in the US and prevents Americans from doing business with them.

The restrictions ranged from a company that allegedly aided Iran’s drone program to a Turkey-based provider of naval equipment and a China-based network that provided electronics to Iran, according to the Associated Press.

Treasury Secretary Steven Mnuchin said the sanctions “send a strong signal that the United States cannot and will not tolerate Iran’s provocative and destabilizing behavior.”

The move comes one day after the Trump administration certified to Congress that Iran is in compliance with the 2015 nuclear agreement, which lifted nuclear-related sanctions imposed against Tehran.

The Trump administration notified the Congress of Iran’s compliance for the first time in April.

The White House is bound by US law to notify Congress of Iran’s compliance with the nuclear deal every 90 days. The Trump administration had notified the Congress of Iran’s compliance for the first time in April.

The certification that Iran is technically complying with the nuclear agreement clears the way for sanctions to remain lifted.

Washington claims Iran’s missile program is in breach of United Nations Security Council Resolution 2231, which endorsed Tehran’s nuclear deal with the P5+1 states in 2015.

However, Tehran insists its missile tests do not breach any UN resolutions because they are solely for defense purposes and not designed to carry nuclear warheads.

The Islamic Republic has said it will spare no effort to meet its national security needs, and does not allow any party to intervene in the imperative.

July 18, 2017 - Posted by | Economics, Wars for Israel | , ,

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