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US slaps sanctions on Iranian firms

Source: Press TV

The US Treasury Department has imposed sanctions on six individuals and five companies affiliated with Iran's Aerospace Industries Organization (AIO).

On Tuesday, the US Treasury Department slapped sanctions against six individuals and five companies located in Iran and Turkey for allegedly providing materials and support for Iran's ballistic missile development projects.

The measure prohibits transaction between the said companies and individuals and US entities, and freezes any assets they may have under US jurisdiction. The AIO was put on the Treasury's blacklist in 2005.

In October, the US blacklisted 37 Iranian "front companies" based in Germany, Malta and Cyprus, which are allegedly owned or controlled by the Islamic Republic of Iran Shipping Lines (IRSL), and the five Iranians who are managers or directors of the firms.

Also in 2010, Washington imposed financial and travel sanctions on eight senior Iranian officials, including Commander of the Islamic Revolution Guards Corps (IRGC) Mohammad-Ali Jafari and Deputy Police Chief Brigadier-General Ahmad-Reza Radan, accusing them of human rights abuse during the post-election unrest in 2009.

The UN Security Council adopted a fourth round of sanctions against Tehran in June under intense US pressure, which claims Iran's nuclear program may have potential military applications.

Shortly after the UN sanctions, the US imposed fresh unilateral sanctions on Iran's financial and energy sectors, encouraging other countries to abandon investment in the Iranian market.

Japan, Canada, and Australia also imposed similar unilateral sanctions on the Islamic Republic, targeting investments in energy-related industries.

Iran says that as a member of the International Atomic Energy Agency and a signatory to the Nuclear Non-Proliferation Treaty, it has a right to use the peaceful applications of nuclear energy for electricity generation and medical research.

Russian President Dmitry Medvedev also confirmed in January that "the international community so far has no information that Iran is building nuclear weapons."

Related Press Release by US Treasury Department:
Treasury Designates Multi-Million Dollar Procurement Network for Directly Supporting Iran's Missile Program

... Payvand News - 02/03/11 ... --

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