Economics
U.S. Sanctions Five Iranian Entities, Signals More Measures
- Targets five entities involved in ballistic missile program
- Mnuchin says additional measures will target rights abuses
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The U.S sanctioned five Iranian entities for their work on the nation’s ballistic missile program and signaled that more punitive measures lay ahead in response to the Islamic Republic’s suppression of anti-government protests.
The entities, none of which are publicly traded, are being designated for being owned or controlled by Iran’s Shahid Bakeri Industrial Group, the Treasury Department said in a statement released Thursday.