US slaps new sanctions on Iran over missile test

(ALJAZEERA) The United States has announced new sanctions against Iran after its recent missile test, a move denounced by Tehran which said it would impose its own legal restrictions on American individuals and entities.

In a statement on its website on Friday, the US Treasury said it had added 13 Iranians and 12 companies, some of which are based in Lebanon, the United Arab Emirates and China, to its sanctions list.

“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,” said John Smith, acting director of the Treasury’s Office of Foreign Assets Control.

Among those sanctioned were companies, individuals, and brokers the US Treasury said support a trade network run by Iranian businessman Abdollah Asgharzadeh.

The Treasury said the businessman supported Shahid Hemmat Industrial Group, which, according to the US, is a subsidiary of an Iranian entity that runs Iran’s ballistic missile programme.

The Treasury also sanctioned what it said was a Lebanon-based network run by the Islamic Revolutionary Guard Corps, the elite military body that is also powerful in Iranian politics and the economy.

Later on Friday, Iran’s foreign ministry condemned the sanctions as illegal and vowed to reciprocate any measures taken against Tehran by the US.

“In retaliation for the US sanctions, Iran will impose legal restrictions on some American individuals and entities that were involved in helping and founding regional terrorist groups,” state TV quoted a ministry statement as saying.

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