Iran to 'counter' U.S. sanctions with more funding for missiles, Quds Force

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

The legislative move by Iran follows US President Donald Trump's signing of a sanctions bill on Russia, Iran and North Korea on August 2.

It proposes that the government allocates an additional $260m for the "development of the missile programme" and the same amount to Iran's Quds Force, a branch of the country's Revolutionary Guards Corps, the official state news agency Irna said.

Parliamentarians approved the outlines of the bill to "counter America's terrorist and adventurist actions in the region" as some chanted "Death to America" after the vote results was announced.

Iran's National Security and Foreign Policy Committee spokesman Seyed Hossein Naghavi Hosseini, while defending the bill, said the bill does not include any measure that would undermine JCPOA in any way; "Iran will never be the first to kill the nuclear deal and take responsibility for its costs", he added.

He praised the bill, saying it "was designed wisely so that it does not violate the (nuclear deal) and provide excuses for opposing sides".

The bill, which received overwhelming approval, is in response to the latest round of U.S. sanctions against Tehran.

The legislation is a reaction to a bill ratified recently in the US Senate allowing Washington to impose non-nuclear sanctions against Iran's missile program and its Revolutionary Guard (IRGC) force.

Tehran says the measures violate a 2015 deal with world powers that eased sanctions in exchange for curbs on its nuclear programme.

But last month he backed away from his pledge to withdraw from the agreement.

He went on to say that according to the law, the Iranian administration is obliged to monitor the United States government's anti-Iran measures and counteract them accordingly. 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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