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Mon Mar 28, 2016, 12:45 PM

Iran vows to pursue missile program despite new U.S. sanctions

Source: Reuters

Business | Mon Mar 28, 2016 8:50am EDT

Iran vows to pursue missile program despite new U.S. sanctions

DUBAI | BY BOZORGMEHR SHARAFEDIN

Iran will pursue its development of ballistic missiles despite the U.S. blacklisting of more Iranian companies linked to the program, a senior Revolutionary Guards commander said on Monday.

The Islamic Revolutionary Guards Corps (IRGC) test-fired several ballistic missiles this month, drawing condemnation from Western leaders who believe the tests violate a United Nations resolution.

The U.S. Treasury Department blacklisted on Thursday two Iranian companies, cutting them off from international finance over their connection to the missile program.

Washington had imposed similar sanctions on 11 businesses and individuals in January over a missile test carried out by the IRGC in October 2015.

"Even if they build a wall around Iran, our missile program will not stop," Brigadier General Amir Ali Hajizadeh, commander of the IRGC's aerospace arm, was quoted as saying by Tasnim news agency. "They are trying to frighten our officials with sanctions and invasion. This fear is our biggest threat."

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Read more: http://www.reuters.com/article/us-iran-missiles-irgc-idUSKCN0WU0ZW

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