The US Treasury Department unleashed sanctions against 11 people and companies involved in Iran’s ballistic missile program Sunday, just one day after President Barack Obama lifted sanctions based on Iran’s nuclear program, USA Today reported.
The Office of Foreign Assets Control is blocking the assets of Mabrooka Trading, a company based in the United Arab Emirates, for its alleged role in procuring components for Iran’s ballistic missiles. Also sanctioned are other companies and individuals involved in the program, which tested ballistic missiles last year.
At the same time, US President Barack Obama on Sunday touted improved relations between Washington and Iran, pointing to the implementation of a nuclear agreement and Tehran’s release of American prisoners.
“This is a good day,” Obama said from the White House. “Once again we’re seeing what’s possible with strong American diplomacy.”
“Engaging directly with the Iranian government … has created a unique opportunity,” he added, according to the Hill.
Obama said negotiations between Washington and Tehran to secure the release of Americans held in Iran “accelerated” after the nuclear deal. “Several Americans … detained by Iran are finally coming home,” Obama said.
