Iran Allocates $520Mln for Missile Program in Response to New US Sanctions

  • Iran Allocates $520Mln for Missile Program in Response to New US Sanctions

Iran Allocates $520Mln for Missile Program in Response to New US Sanctions

Head of the Federation Council's worldwide affairs committee Konstantin Kosachev says the decision to increase financing of the missile program, adopted by the Iranian parliament, is a logical response to the USA tougher sanctions.

Iran's parliament speaker Ali Larijani said the bill was the country's "first action... to confront terrorist and adventurist actions by the United States in the region".

The additional U.S. sanctions put in place last month directly target the missile programme and the IRGC.

Iran's lawmakers have overwhelmingly approved a motion in response to recent U.S. sanctions, voting to boost spending on Tehran's missile program and the Islamic Revolution Guards Corps (IRGC). A total of 240 parliamentarians out of 244 present voted for the bill.

An additional 20 trillion rials ($609 million) will be evenly divided between the missile program, to improve the nation's "deterrent capability", and Guards' Qods force, which is active throughout the region, according to the bill published by the Tasnim news agency.

Iran Allocates $520Mln for Missile Program in Response to New US Sanctions - AFP
Iran defies US with increased budget for missile programme

Washington and European countries that negotiated the Iran nuclear deal have called the missile tests violations of the spirit of the 2015 accord, but not its letter.

The bill is "very smart particularly because it doesn't violate the nuclear deal and doesn't allow the other side to make excuses", he added.

He went on to say that according to the law, the Iranian administration is obliged to monitor the USA government's anti-Iran measures and counteract them accordingly.

The move came after the US House of Representatives and then the Senate passed a sweeping package of bills on sanctions against Iran, Russia, and North Korea.

A number of recent close encounters between United States ships and Iranian vessels in the Gulf have added to the tensions between the two countries.