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04 February, 2017

Iran to impose restrictions on US individuals, entities in retaliation for new US sanctions

Tehran has denounced the new sanctions imposed by the US and said it would in response impose legal restrictions on American individuals and entities helping "regional terrorist groups", a Foreign Ministry statement read as quoted by TV

"The new sanctions ... are not compatible with America's commitments and resolution 2231 of the U.N. Security Council that endorsed the nuclear deal reached between Iran and six powers," the Iranian Foreign Ministry statement said late on Friday.

"In retaliation for the U.S. sanctions, Iran will impose legal restrictions on some American individuals and entities that were involved in helping and founding regional terrorist groups," it said.

On Friday, the US Treasury Department blacklisted 13 individuals and a dozen businesses as part of the sanctions. The majority of the individuals in question are from Iran, as well as three Chinese nationals and two Arabs.

Iran’s continued support for terrorism and development of its ballistic missile program poses a threat to the region, to our partners worldwide, and to the United States,” John E. Smith, acting director of the Treasury Department's Office of Foreign Assets Control, said.

He added that in countering what he called “Iranian malign activity,” Washington will not hesitate to put more pressure and restrictions “to address this behavior.

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