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U.S. Imposes Sanctions on 5 Iranian Companies

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    U.S. Imposes Sanctions on 5 Iranian Companies The Washington Post By MARTIN CRUTSINGER The Associated Press Tuesday, August 12, 2008
    Message 1 of 1 , Aug 12, 2008
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      U.S. Imposes Sanctions on 5 Iranian Companies
      The Washington Post
      By MARTIN CRUTSINGER
      The Associated Press
      Tuesday, August 12, 2008
      http://www.washingtonpost.com/wp-
      dyn/content/article/2008/08/12/AR2008081201382.html


      WASHINGTON -- The Bush administration has imposed economic sanctions
      on five Iranian companies that it has accused of helping the country
      pursue its ambitions to develop a nuclear weapon.

      The Treasury Department announced Tuesday that it was freezing any
      assets the five companies might have in the United States and
      prohibiting American individuals and companies from having dealings
      with the firms.

      The five companies are the Nuclear Research Center for Agriculture
      and Medicine, the Esfahan Nuclear Fuel Research and Production
      Center, Jabber Ibn Hayan, the Safety Procurement Company and Joza
      Industrial Company.

      "These five nuclear and missile entities have been used by Iran to
      hide its illicit conduct and further its dangerous nuclear
      ambitions," Stuart Levey, Treasury's under secretary for terrorism
      and financial intelligence, said in a statement announcing the
      action.

      The new sanctions represent the latest effort by the administration
      and its allies to increase pressure on Iran to halt its nuclear
      program.

      The European Union on Friday tightened trade restrictions on Iran
      and the West has threatened a fourth round of sanctions over
      Tehran's refusal to halt uranium enrichment, a process that can
      either produce fuel for a nuclear reactor or a weapon.

      Tehran insists its nuclear program is aimed only at generating
      electricity. [although Iran has the right to defend itself. -WVNS]

      The actions taken by the administration on Tuesday were under an
      executive order President Bush signed to target entities accused of
      aiding in the proliferation of weapons of mass destruction.

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