Iran increases missile funds in response to US sanctions
Tehran, Iran - Iran’s parliament on Sunday approved more than half a billion dollars in funding for the country’s missile programme and foreign operations of the elite Revolutionary Guards in response to US sanctions.
The move follows a spike in tensions between Tehran and Washington since US President Donald Trump took office in January with a vow to get tough on the Islamic republic.
“The Americans should know that this was our first action,” said parliament speaker Ali Larijani, after announcing overwhelming support for a package ‘to confront terrorist and adventurist actions by the US in the region’. It mandates the government to allocate an additional US$260mn for missile development and the same amount to the Revolutionary Guards’ foreign operations wing, the Quds Force, IRNA news agency said.
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