OFAC Announces New Sanctions on Iran after Two Missile Launches
The Office of Foreign Assets Control on Jan. 17 designated 11 entities and individuals involved in procurement on behalf of Iran’s ballistic missile program, the office said in a press release (here). The news comes one day after Secretary of State John Kerry announced implementation of the unrelated Joint Comprehensive Plan of Action, which initiated a rollback of several U.S. nuclear sanctions on Tehran. “Iran’s ballistic missile program poses a significant threat to regional and global security, and it will continue to be subject to international sanctions,” said Adam Szubin, Treasury’s acting under secretary for terrorism and financial intelligence. “We have consistently made clear that the United States will vigorously press sanctions against Iranian activities outside of the Joint Comprehensive Plan of Action." Obama administration officials have recently said that they were looking into reports that Iran conducted a ballistic missile test on Oct. 10 and another on Nov. 21.
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Foreign Affairs Ranking Member Eliot Engel, D-N.Y., said in a statement (here) that JCPOA implementation necessitates closer U.S. oversight and enforcement to hold Iran to all of its bilateral commitments. "Iranian leaders should be on notice that the nuclear deal won't excuse their continued dangerous behavior,” said Engel. More specific information about the announced sanctions and designations can be found (here).