Iran strikes back at USA with 'reciprocal' sanctions

  • Iran strikes back at USA with 'reciprocal' sanctions

Iran strikes back at USA with 'reciprocal' sanctions

Iran's Foreign Ministry announced Sunday that it has sanctioned 15 US companies over what it called their support for "Israeli crimes and terrorism", state TV reported. Iran's declaration is mainly symbolic because the US firms do not do business with them.

The Iranian move comes two days after the United States imposed sanctions on thirty foreign companies and individuals for allegedly violating export controls on Iran, North Korea and Syria.

The U.S. congress in now in the process of finding other methods to boost pressure, recommending a new law meant to add the Islamic Revolutionary Guard Corps to the list of terrorist organizations.

"The sanctioned companies have, directly and/or indirectly, been involved in the brutal atrocities committed by the Zionist regime in the occupied Palestinian territories, or they have supported the regime's terrorist activities and Israel's development of Zionist settlements on the Palestinian soil", the IRNA report said.

"To protect its sovereignty and existence, and to provide security for its people, the Islamic Republic of Iran observes no limitation for itself", reads part of a statement issued by Iran's Foreign Ministry on Sunday in response to the new unilateral sanctions of the United States against Iran.

According to PressTV, the 15 American companies sanctioned include: Beni Tal security company; United Technologies; Raytheon; ITT Corporation; Re/Max; Oshkosh Corporation; Magnum Research Inc.; Kahr Arms; M7 Aerospace LP; Military Armament Corporation; Lewis Machine and Tool Company; Daniel Defense; Bushmaster Firearms International; O.F. Mossberg & Sons; and H-S Precision, Inc. Iranian Foreign Affairs Minister Mohammad Javad Zarif named the 15 companies in a statement he released.

The measure comes after a missile test led the USA to introduce sanctions against Iran in February, which Iranian authorities said violated the 2015 nuclear deal between the two countries. It also said any of the company's assets in Iran could be seized.