US Sanctions Five Entities Involved in Iran's Ballistic Missile Program

  • 2/25/2023
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Washington, Rabi'II 18, 1439, Jan 5, 2018, SPA -- The U.S Administration imposed today sanctions on five Iranian entities over their involvement in developing Iran's ballistic missiles. The sanctions are unrelated to the ongoing protests in Iran. But U.S. Treasury Secretary Steven Mnuchin says more sanctions "targeting human rights abuses are coming." Mnuchin is alluding to the protests and says the U.S. will call out Iran's economic mismanagement. The five entities being targeted are subsidiaries of Shahed Bakeri Industrial Group, part of the Iranian Defense Ministry. Shahed is already under U.S. sanctions. The new designations ensure its subsidiaries are punished, too. Last month U.S. Ambassador to the U.N. Nikki Haley showed reporters missile parts with logos suggesting they were manufactured by Shahed. Haley said the fragments were recovered from missiles launched at the Kingdom of Saudi Arabia by Iran-backed Al-Houthi coup militias in Yemen. --SPA 01:49 LOCAL TIME 22:49 GMT www.spa.gov.sa/w580754

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