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US sanctions five firms tied to Iran’s missiles program

The US has imposed sanctions on five Iranian companies it alleges are tied to the Islamic Republic’s development of ballistic missiles.

According to Press TV, the Treasury Department linked the measure to the recent wave of riots that has hit some areas in Iran, though the US has targeted Tehran’s missile program in the past too for other unsubstantiated reasons.

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

“The United States will continue to decisively counter Iran’s harmful activity,” Mnuchin added.

Under the sanctions, Washington will freeze any assets that the firms hold in places under US jurisdiction and also ban US citizens from doing business with them.

In addition, foreign institutions, which work with the companies, could be locked out of the US financial system.

Washington claims Iran’s missile program is in breach of United Nations Security Council Resolution 2231, which endorsed Tehran’s nuclear deal with the 5+1 group 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.

Now, the Treasury Department says it is imposing sanctions over the unrest which the US itself has praised.