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Thursday 31 Dec 2015 - 11:15 Makkah mean time-20-3-1437
Iran's ballistic missile program (AFP pic)
Washington (IINA) – The United States is preparing new sanctions on international companies and individuals over Iran's ballistic missile program, The Wall Street Journal reported on Wednesday.
This will be the first U.S. sanctions on Tehran since the signing of July's landmark agreement between Iran and the six major world powers in Vienna on Tehran's nuclear program, intended to lifting other sanctions affecting Iranian economy.
The Journal said the planned Treasury Department sanctions concerned two Iran-linked networks involved in developing the country’s missile program and include many of the people involved.
The sanctions would prohibit U.S. or foreign nationals from conducting business with the companies. U.S. banks would also be required to freeze any assets the companies or individuals hold inside the American financial system.
A team of UN sanctions monitors said in a confidential report seen by Reuters on December 15 that a medium-range Emad rocket that Iran tested on October 10 was a ballistic missile capable of delivering a nuclear warhead, making it a violation of the UN Security Council resolution 1929, adopted in 2010.
The resolution prohibits Iran from conducting any activities related to ballistic missiles capable of delivering nuclear warheads and any other operations related to ballistic missile technology.
AB/IINA
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