(MENAFN- Jordan News Agency) Washington Dec.31(Petra)-- President Barack Obama's administration is preparing new sanctions on international companies and individuals over Iran's ballistic missile program.
The Wall Street Journal late Wednesday reported that the potential sanctions would target some12 companies and individuals in Iran Hong Kong and the United Arab Emirates for their suspected role in developing Iran's ballistic-missile program.
U.S. officials have said the Treasury Department retains a right under July's landmark nuclear agreement between Iran and six world powers including Washington to blacklist Iranian entities suspected of involvement in missile development the Journal said.
Iranian officials have said the country's supreme leader would view such penalties as violating the nuclear accord.
The Journal explained the planned Treasury Department sanctions concerned two Iran-linked networks involved in developing the country's missile program and include many of the people involved.
The sanctions would prohibit U.S. or foreign nationals from conducting business with the companies. U.S. banks would also be required to freeze any assets the companies or individuals hold inside the American financial system.
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31/12/2015 - 09:15:08 AM " />
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