August 13, 2008	Wednesday	Sha’aban 10, 1429

WASHINGTON, Aug 12: The Bush administration has imposed economic sanctions on five Iranian companies that it has accused of helping Iran pursue what the United States considers the Islamic Republic’s ambitions to develop a nuclear weapon.

The Treasury Department announced on Tuesday that it was freezing any assets the five companies might have in the United States and prohibiting American individuals and companies from having dealings with the five.

The five companies are the Nuclear Research Centre for Agriculture and Medicine, the Esfahan Nuclear Fuel Research and Production Centre, Jabber Ibn Hayan, the Safety Procurement Co and Joza Industrial Co.

“These five nuclear and missile entities have been used by Iran to hide its illicit conduct and further its dangerous nuclear ambitions,” Stuart Levey, Treasury’s undersecretary for terrorism and financial intelligence, said in a statement announcing the action.

The new sanctions represent the latest effort by the administration and its allies to increase pressure on Iran to halt its nuclear enrichment programme.

The EU tightened trade restrictions on Iran, and the West has threatened a fourth round of sanctions over Tehran’s refusal to halt uranium enrichment.

Iran insists its nuclear programme is meant only for generating electricity.

The actions taken by the administration on Tuesday were under an executive order President Bush signed to target entities accused of aiding in the proliferation of weapons of mass destruction.—AP