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US Treasury sanctions Iranian construction firms

(Xinhua)
Updated: 2010-02-11 00:27

WASHINGTON: The US Treasury Department on Wednesday imposed sanctions against four subsidiaries and the commander of the construction arm of Iran's Islamic Revolutionary Guards Corps.

Related readings:  Obama: US developing new sanctions for Iran  Iran says starts work on making 20% nuclear fuel  China calls for more diplomacy on Iran nuclear issue  Iran moves closer to nuke warhead capacity

The action, which extends earlier sanctions against the Revolutionary Guards and its Khatam al-Anbiya Construction Headquarters, bans US transactions with the newly designated firms and aims to freeze any assets they may have under US jurisdiction.

The Treasury said Khatam al-Anbiya is involved in the construction of streets, highways, tunnels, pipelines and water projects and its profits help support Iran's nuclear and ballistic missile programs.

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