US freezes assets of Iranian companies

Sat, 09 Jun 2007

The United States froze the assets of four Iranian companies, accusing them of being involved in Iran's proliferation of weapons of mass destruction.

Although Iran has favored peaceful use of nuclear energy within the NPT framework, the US has unfairly accused Tehran of possessing weapons of mass destruction and has frozen the assets of four Iranian companies including Pars Tarash, Farayand Technique, Fajr Industries Group, and Mizan Machine Manufacturing Group.

The US Treasury Department froze the assets of three other Iranian companies on February 16. Friday, the G8 threatened to impose "further sanctions" if Iran continues uranium enrichment.