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

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WASHINGTON (Reuters) – 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.

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