US President Donald Trump in October. Photo: Susan Walsh/AP
ERBIL, Kurdistan Region – The United States introduced new sanctions on five Iranian entities connected to the country’s ballistic missile program.
“These sanctions target key entities involved in Iran’s ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people. As the Iranian people suffer, their government and the IRGC fund foreign militants, terrorist groups, and human rights abuses,” Treasury Secretary Steven Mnuchin said announcing the sanctions.
He warned that additional sanctions “targeting human rights abuses” may be forthcoming.
“We will not hesitate to call out the regime’s economic mismanagement, and diversion of significant resources to fund threatening missile systems at the expense of its citizenry,” he stated.
US President Donald Trump has repeatedly slammed Iran throughout his presidency, condemning the nuclear deal signed by his predecessor and throwing his support behind anti-government protests over the past week.
In his many tweets on the protests, Trump has hailed protesters “finally acting against the brutal and corrupt Iranian regime” and trying “to take back their corrupt government.”
He pledged US support for the protesters, saying “You will see great support from the United States at the appropriate time!”
Five entities owned or controlled by Iran’s Shahid Bakeri Industrial Group, already subject to sanctions by the US, UN, and EU, have been sanctioned. They are: Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center, and Shahid Shustari Industries.
The five companies are responsible for developing and producing guidance systems, propellant, launchers, and additional equipment for Iran’s missile program and Shahid Bakeri Industrial Group, the US Treasury stated.
Iran has not immediately responded to the new sanctions.