U.S. Treasury slaps sanctions on Iranian companies after satellite launch

Politics Reuters

In this photo released by official website of the office of the Iranian Presidency, President Hassan Rouhani speaks during a cabinet meeting in Tehran, Iran, Wednesday, July 19, 2017. Iran's president said Wednesday that his country will stand up to ... the United States and reciprocate for any new sanctions that America imposes on the Islamic Republic. (Iranian Presidency via AP)

The U.S. Treasury imposed sanctions on Friday on six subsidiaries of an Iranian company key to Iran's ballistic missile program in response to Tehran's "continued provocative actions," including Thursday's launch of a space launch vehicle.

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The Office of Foreign Assets Control imposed the sanctions on six Iran-based companies owned or controlled by Shahid Hemmat Industrial Group, the Treasury said in a statement.

(Reporting by Eric Walsh; Editing by Bernadette Baum)

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