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January 4, 2018 3:34 pm
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US Sanctions Five Entities Tied to Iran’s Missiles Program

avatar by Reuters and Algemeiner Staff

The launch of an Iranian Emad intermediate-range ballistic missile. Photo: Wikimedia Commons.

The United States on Thursday sanctioned five Iranian-based entities it said were owned or controlled by a industrial firm responsible for developing and producing Iran’s solid-propellant ballistic missiles.

“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,” US Treasury Secretary Steven Mnuchin said in a statement.

The Treasury Department said the five sanctioned entities — the Shahid Eslami Research Center, Shahid Kharrazi Industries, Shahid Moghaddam Industries, Shahid Sanikhani Industries and Shahid Shustari Industries — were subordinated to the Shahid Bakeri Industrial Group.

The sanctions freeze any property the entities hold in the United States and prohibit Americans from dealing with them.

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