Iranian Parliament Votes to Increase Spending on Missile Program

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On August 13, in response to new U.S. sanctions the Iranian parliament overwhelming passed legislation allotting $800 million in additional spending for several military and intelligence projects, including the country’s ballistic missile programs. Iran’s missile program will receive $260 million, and the Quds Force, the Iranian Revolutionary Guard Corps foreign operations wing, is set to receive $300 million. The remaining money will be used to finance projects in the Iranian Defense Ministry and intelligence services. The legislation also imposes financial sanctions, visa restrictions, and a travel ban on the commanders of U.S. military and security organizations.

Iranian deputy foreign minister and senior nuclear negotiator, Abbas Araghchi, claims the bill has the support of the moderate Iranian president Hassan Rouhani, “The bill has very wisely tried not to violate the (nuclear deal) and also gives no chance to the other party to manipulate it.” The bill now heads to the Guardian Council oversight committee, which is expected to approve the bill.