U.S. Announces New Sanctions on Iran, But Will Continue to Waive Nuclear Deal Sanctions

The Treasury Department announced new sanctions on Iran for its ballistic missile program Wednesday, but also said it will continue to waive sanctions as required by the Iran nuclear deal.

“The Treasury Department is imposing new sanctions on Iranian defense officials, an Iranian entity, and a China-based network that supplied missile-applicable items to a key Iranian defense entity,'” said a statement released by the Treasury Department. “The action reflects concern with Iran’s continued development of ballistic missiles, which is in inconsistent with United Nations Security Council Resolution 2231.

The statement also said the waiver of sanctions “does not diminish the United States’ resolve to continue countering Iran’s destabilizing activity in the region. … [A]bove all, the United States will never allow the regime in Iran to acquire a nuclear weapon.”

SOURCE: NBC News