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18 January, 2016

US imposes sanctions on Iran for ballistic missile program

The US Department of the Treasury says it has imposed new sanctions on Iran for its ballistic missile program.

The Treasury Department made the announcement in a statement issued on Sunday, only a day after sanctions targeting Iran’s nuclear energy program were lifted.

The statement said five Iranian citizens and a network of companies based in the United Arab Emirates and China were added to a US blacklist.

The network “obfuscated the end user of sensitive goods for missile proliferation by using front companies in third countries to deceive foreign suppliers,” the statement said, adding that the five people had “worked to procure ballistic missile components for Iran.

Iran's ballistic missile program poses a significant threat to regional and global security, and it will continue to be subject to international sanctions,” said Adam J. Szubin, acting under secretary for terrorism and financial intelligence.

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