US bans 5 Iranian institutes
Continuing its anti-Iran policies, US Treasury Department announced on Thursday that five Iranian institutions have been added to its list of sanctions for their involvement in country’s missile development program.
Shahid Kharrazi Industries, Shahid Sani’khani Industries, Shahid Moqaddam Industries, Shahid Eslami Research Center and Shahid Shoushtari Industries have been blacklisted under the US Executive Order 13382.
As a result of the move, all the assets of the institutes in the US will be blocked and US nationals will be banned from making deals with them.
Moreover, the US Treasury Department announced that other countries’ individuals and institutes transacting with the five Iranian institutes will face the same risk.
This is while the US has been committed under the Joint Comprehensive Plan of Action (JCPOA) to avoid any act contradictory to the terms of the deal. However, they have always been seeking to expand the list of the so-called non-nuclear sanctions.
While campaigning for White House, Trump promised to rip up the deal but he has so far failed to win a global consensus against Iran and the nuclear deal.
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