Iran imposes sanctions on 15 US firms citing human rights and Israel ties
The decision, which is largely symbolic because the firms do not do business with Iran, comes two days after the US announced new sanctions on a number of foreign firms accused of collaborating with Iran’s weapons programme.world Updated: Mar 26, 2017 17:51 IST
Iran has imposed sanctions on 15 US companies for alleged human rights violations and cooperating with Israel, the state news agency IRNA reported on Sunday.
The agency quoted Iran’s foreign ministry as saying the companies had “flagrantly violated human rights” and cooperated with Israel against the Palestinians.
The decision, which is largely symbolic because the firms do not do business with Iran, comes two days after the US announced new sanctions on a number of foreign firms accused of collaborating with Iran’s weapons programme.
Iran’s sanctions target US firms that provide arms and equipment to Israel “for use against the Palestinians”, IRNA said.
“All transactions with these firms are forbidden, their assets will be seized and their officials will not be able to obtain a visa,” it added.
The firms include United Technologies, ITT Corporation, Magnum Research INC, Military Armament Corporation and Bushmaster Firearms International.
The list also included Re/Max Real Estate, which Tehran accuses of “buying and selling homes in settlements located in the occupied territories”.
Tensions have mounted between Tehran and Washington since US President Donald Trump took office in January.
The Iranian move came two days after the United States imposed sanctions on 30 foreign companies or individuals for transferring sensitive technology to Iran for its missile programme, or for violating export controls on Iran, North Korea and Syria.
Trump has repeatedly criticised a July 2015 deal between Iran and world powers that saw the Islamic republic curb its nuclear programme in exchange for sanctions relief.
Washington last month imposed new sanctions on individuals and companies supporting Iran’s ballistic missile programme and on its elite Revolutionary Guards.
US lawmakers are now seeking to further increase pressure, proposing a new law that would see Iran’s Revolutionary Guards listed as a terrorist organisation.
First Published: Mar 26, 2017 17:28 IST