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Iran puts sanctions on U.S. firms

Iran puts sanctions on U.S. firmsIran has imposed sanctions on 15 American companies over their alleged support for Israel, terrorism and repression in the region.

A Foreign Ministry statement carried by the state-run IRNA news agency on Sunday said the companies are barred from any agreements with Iranian firms and that former and current directors will not be eligible for visas, while the ban would also include seizure of companies' assets.

The agency quoted Iran's foreign ministry as saying the companies had "flagrantly violated human rights" and cooperated with Israel against the Palestinians.

The move is seen as a response to U.S. sanctions placed on dozens of Iranian entities in February following an Iranian missile test. Iran’s sanctions are unlikely to have much impact as none of the targeted U.S. companies is known to do business in Iran.

The companies include Bent Tal, United Technologies Products, ITT Corporation, Raytheon, Re/Max Real Estate, Magnum Research Inc, Oshkosh Corporation, Kahr Arms and Elbit Systems.

The Iranian move came two days after the United States imposed sanctions on 30 foreign companies or individuals for transferring sensitive technology to Iran for its missile program, or for violating export controls on Iran, North Korea and Syria.
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