Published: Mon, August 14, 2017
Global Media | By Garry Long

Iran Allocates $520Mln for Missile Program in Response to New US Sanctions

Iran Allocates $520Mln for Missile Program in Response to New US Sanctions

On Sunday, Iran's parliament supported the bill on additional $520 million for the ballistic missiles program and for the Islamic Revolutionary Guard Corps (IRGC).

"Iran will never pay the price of violating the JCPOA", spokesman for the National Security and Foreign Policy Committee Hossein Naghavian said, adding that Washington "is after imposing the cost of killing the nuclear deal". It also comes as a North Korean-announced deadline to fire missiles into the waters around Guam approaches.

The measure was voted for by 240 out of 244 MPs present.

"The Americans should know that this was our first action", said speaker Ali Larijani after announcing the overwhelming majority vote for the package on Sunday.

"The bill has very wisely tried not to violate the JCPOA (nuclear deal) and also give no chance to the other party to manipulate it", Araqchi said.

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Washington and European countries that negotiated the Iran nuclear deal have called the missile tests violations of the spirit of the 2015 accord, but not its letter.

According to the bill, Iran's combined government and military apparatus is tasked with devising a comprehensive strategic plan to counter the "US threats" within a period of six months following ratification of the bill.

The bill will next head to a second vote before being submitted to a clerical body for final approval and passage into law.

Last week, Iranian President Hassan Rouhani warned Mr Trump that he risks political suicide if he scrapped the nuclear deal with Tehran. A string of close encounters between United States ships and Iranian vessels in the Gulf in recent months has added to the tensions between the two countries.

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

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