The US Treasury Department imposed new economic sanctions on Wednesday against an intermediary and its network of companies for facilitating and collaborating with the development of Iran's ballistic missile program.
Washington's new restrictions are part of its strategy to prevent Iran's advanced development and use of ballistic missiles, as explained by Deputy Treasury Secretary for Terrorism and Financial Intelligence Brian E. Nelson.
Sanctions, Nelson explained, are not at odds with Washington's interest in Tehran's return to the nuclear agreement. However, they will continue to “target those who support Iran's ballistic missile program.”
The Treasury's Office of Foreign Assets Control (OFAC) has decided to sanction Mohammad Ali Hosseini and his entire network of companies for facilitating and collaborating with the Iranian arms program by acquiring tools and services for the Iranian Army Revolutionary Guard unit of missile research and development ballistic.
The measure announced this Wednesday is the United States response to the attacks on 13 March in Erbil, northern Iraq; and on 25 March on an installation of Saudi oil company Aramco by the Huthis rebels, as well as to another series of offensives against Saudi Arabia and the United Arab Emirates (UAE), which serve as” reminder that Iran's development of ballistic missiles is a serious threat to international security”.
As a result of these restrictions, all property and interests of those identified in the United States or in the possession of any of its citizens will be blocked, as well as any entity owned, directly or indirectly, by 50 percent or more of any of these sanctioned persons.
In addition, OFAC prohibits all transactions made by individuals or legal entities in the United States that relate to the property or interests of persons who have been added to this list of sanctions. If they do, they are exposed to sanctions.
(With information from Europa Press)
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