US sanctions Iran firms allegedly propagating WMDs

July 18, 2006 20:47


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The United States on Tuesday imposed financial sanctions on two additional Iranian companies suspected of helping to proliferate weapons of mass destruction through their involvement in the country's nuclear program. The action by the Treasury Department's Office of Foreign Assets Control targets Sanam Industrial Group and Ya Mahdi Industries Group, which are said to be owned, controlled by, or agents of the Aerospace Industries Organization of Iran, a subsidiary of the Iranian Ministry of Defense and Armed Forces Logistics. The Treasury Department ordered US banks to freeze any bank accounts or other financial assets found in the United States that belong to Sanam and Ya Mahdi. The US government is also prohibiting Americans from doing business with them.

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