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US Treasury sanctions Iranian construction firms

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

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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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