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US imposes sanctions on Iranian companies it says are working on illegal ballistic missiles

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In this September 24, 2017 file photo, a Ghadr-H missile, centre, a solid-fuel surface-to-surface Sejjil missile and a portrait of the Supreme Leader Ayatollah Ali Khamenei are displayed at Baharestan Square in Tehran, Iran. The US imposed sanctions on Iranian companies because of the missile programme. Photo: AP

The United States imposed sanctions on Thursday on five Iranian companies it alleges are working on part of the Islamic republic’s illegal ballistic missile programme.

Treasury Secretary Steven Mnuchin linked the measure to recent anti-government protests, arguing that Iran ought to spend more on public welfare rather than banned weapons.

“These sanctions target key entities involved in Iran’s ballistic missile programme, which the Iranian regime prioritises over the economic well-being of the Iranian people,” Mnuchin said.

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“As the Iranian people suffer, their government and the IRGC fund foreign militants, terrorist groups, and human rights abuses,” he added.

“The United States will continue to decisively counter the Iranian regime’s malign activity, including additional sanctions targeting human rights abuses.

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“We will not hesitate to call out the regime’s economic mismanagement, and diversion of significant resources to fund threatening missile systems at the expense of its citizenry.”

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