US hits Iran’s missile program with new sanctions

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Washington,  May 16: The United States on Wednesday unveiled fresh sanctions against six people and 12 firms — including several Chinese nationals — for their support of Iran’s ballistic missile program.
The Trump administration has in recent weeks imposed sanctions on a series of entities and individuals linked to Iran’s oil industry and nuclear program.

Wednesday’s sanctions are aimed at organizations involved in “efforts to help the Iranian regime domestically source the manufacturing of critical materials needed for Tehran’s ballistic missile program,” according to the US Treasury Department.

“The United States cannot allow Iran to develop intercontinental ballistic missiles,” US Treasury Secretary Scott Bessent said in a statement.

Tehran’s attempts to produce missiles and components domestically “represents an unacceptable threat to the United States and the stability of the region,” he added.

Those sanctioned include three Chinese nationals — Qin Jinhua, Qin Dehui, and Wang Chao — who work for a China-based firm which has exported carbon fiber precursor materials to a sanctioned Iranian firm, and another Hong Kong-based company  


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