U.S. Sanctions Five Iranian Companies over Nuclear Work

[Reuters] The U.S. Treasury on Tuesday imposed sanctions against five more Iranian firms that had provided support or materials to Iran's nuclear and missile programs. The move bans Americans from doing business with them and freezes any assets they may have under U.S. jurisdiction. "These five nuclear and missile entities have been used by Iran to hide its illicit conduct and further its dangerous nuclear ambitions," said Stuart Levey, the Treasury's undersecretary for terrorism and financial intelligence. "Responsible financial institutions and businesses worldwide are taking steps to avoid doing business with Iranian nuclear and missile entities, as well as with the front companies and cut-outs the Iranian regime uses to disguise its activities," Levey said.

2008-08-13 08:00:00

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