US imposes sanctions on Iranian missile firms - Pragnya IAS Academy - News Analysis

US imposes sanctions on Iranian missile firms

The United States imposed sanctions Thursday on five Iranian companies it alleges are working on part of the illegal ballistic missile program.

Treasury Secretary Steven Mnuchin linked the measure to recent anti-government protests, arguing that Iran ought to spend more on public welfare rather than banned weapons.
“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,” Mnuchin said.

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US imposes sanctions on Iranian missile firms