Iran's decision to build up missiles program's budget is logical - Russian senator

14 August, 2017, 01:14 | Author: Malcolm Fuller
  • Iran Allocates $520Mln for Missile Program in Response to New US Sanctions - AFP

In response to the launch, President Trump signed a bill outlining new sanctions against several Iranian groups, freezing funds and outlawing US citizens from doing businesses with the targets.

Citing recent United States sanctions and "adventurism", Tehran plans to bolster its ballistic missile system as tensions rise.

"The Americans should know that this was our first action", speaker Ali Larijani said after announcing the voting results - according to the official Islamic Republic News Agency.

Iran's parliament voted to boost spending on its elite Revolutionary Guards force and missile program in response to new US sanctions.

The parliament's majority voted for the bill, which was a response to the US new sanctions against the Islamic Republic.

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The Iranian Parliament on Sunday overwhelmingly approved the general outlines of a motion to counter the US' "terrorist and adventurous" acts in the region, the media reported.

The 27-point bill will also impose sanctions on U.S. military and intelligence officials in the region.

As well, the bill allocates a budget of about $5 billion to what is termed as "reinforcing the country's defensive power, improving deterrent its power, countering terrorism, increasing Iran's diplomatic leverage and intelligence capabilities, safeguarding the regional stability, supporting the IRGC, development of nuclear propellers and boosting Iran's defensive capabilities against possible nuclear attacks".

"The bill is backed by the foreign ministry and the government and is part of measures by the JCPOA supervision committee to confront the recent US Congress law", deputy foreign minister Abbas Araghchi.

To counter U.S. economic sanctions, the government has been ordered to provide a comprehensive plan on expanding economic cooperation with world countries, especially Iran's neighbors and friends as well as the countries which have likewise been subject to Washington's embargoes.

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