US Sanctions Iranian Firms, Subsidiaries After Rocket Launch

Jerome Frank
July 29, 2017

Mnuchin said the USA will continue to counter Iran's ballistic missile program.

On Thursday, Iran successfully tested the Simorgh rocket, a two-stage vehicle meant to deliver small space satellites into orbit.

The Treasury Department placed sanctions Friday on six Iran-based satellite companies following a recent Iranian rocket launch that State Department officials warn breached a UN Security Council resolution.

The top lawmaker pointed to Iran's paramount status in the Middle East and said imposing new sanctions on the country is harmful to the U.S. Though the newly recertified deal limiting Iran's nuclear program doesn't explicitly bar the development of ballistic missiles, the us considers it a violation of the "spirit" of the deal, State Department spokeswoman Heather Nauert said Thursday.

Resolution 2231 (2015) provides for the termination of the provisions of previous Security Council resolutions on the Iranian nuclear program, and calls on Iran not to undertake any activity related to ballistic missiles created to be capable of delivering nuclear weapons, including launches using such ballistic missile technology.

While the language in the resolution "call upon" Iran not to develop ballistic missiles, "we would consider that a violation of UNSCR 2231", Nauert said.

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But even though it failed, Iran's attempted rocket launch succeeded in violating United Nations Security Council Resolution 2231, State Department spokeswoman Heather Nauert said.

Larijani said that the main objective behind the U.S. Congress is to prevent foreign investment in Iran.

The 2015 accord imposed restrictions on Iran's nuclear program in exchange for sanctions relief.

Western states suspect Iran of developing the technology capable of launching long-range ballistic missiles with conventional or nuclear payloads, a charge denied by Tehran, which insists its space program has purely peaceful aims.

North Korea's ceremonial leader Kim Yong-nam will soon visit Iran to attend the inauguration ceremony for Iran's president slated for early next month, the North's state media said Friday.

Other reports by Guamnewswatch

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