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US sanctions five entities tied to Iran’s missiles program

Written by Staff

WASHINGTON: The United States on Thursday sanctioned five Iranian-based entities it said were owned or controlled by an industrial firm responsible for developing and producing Iran’s solid-propellant ballistic missiles.
“These sanctions target key entities involved in Iran’s ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people,” US Treasury Secretary Steven Mnuchin said in a statement.
The Treasury Department said the five sanctioned entities — the Shahid Eslami Research Center, Shahid Kharrazi Industries, Shahid Moghaddam Industries, Shahid Sanikhani Industries and Shahid Shustari Industries — were subordinated to the Shahid Bakeri Industrial Group.
The sanctions freeze any property the entities hold in the United States and prohibit Americans from dealing with them.
Iranian-backed Houthi militia in Yemen fired two missiles toward Saudi Arabia's capital Riyadh last year.

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