Iran votes to boost military defence by $500m — BBCI

Iran votes to boost military defence by $500m — BBCI

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.

The bill also imposes sanctions against several U.S. entities which, Iran says, are involved in supporting terrorism in the Middle East.

It would also allocate over $260 million each to Iran's ballistic missile program and the Quds Force - the external arm of the Islamic Revolution Guards Corps (IRGC), which has sent military advisers to Iraq and Syria to fight terrorists.

Iran's parliament speaker Ali Larijani said the bill was the country's "first action... to confront terrorist and adventurist actions by the United States in the region".

A total of 240 lawmakers voted for the bill, out of the 244 parliamentarians present.

Washington's new sanctions violate a 2015 nuclear deal with Iran both "in letter and spirit".

The Parliament ratified the motion prepared by the National Security and Foreign Policy Commission in July.

The Iranian measure "was designed wisely so that it does not violate the (nuclear deal) and provide excuses for opposing sides", Deputy Foreign Minister Abbas Araqchi said.

An additional 20 trillion rials ($609 million) will be evenly divided between the missile program, to improve the nation's "deterrent capability", and Guards' Qods force, which is active throughout the region, according to the bill published by the Tasnim news agency.

He said Iran has many devices at its disposal apart from the nuclear agreement to confront the United States. The bill cites "hostile" US policies against Iran, and American "adventurism in the region aimed at creating divisions", Tasnim reported. However, Israel believes Iran's weapons are an existential threat.

It considers the entirety of the U.S. military forces and intelligence operatives in the region to be supporters of regional terrorist groups, and subject to punitive measures. A string of close encounters between USA ships and Iranian vessels in the Gulf in recent months has added to the tensions between the two countries.

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