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Iran eyes more funds for missiles, Guards after U.S. sanctions

From Reuters - August 13, 2017

DUBAI (Reuters) - Iran's parliament gave initial approval on Sunday to a bill to boost spending on Tehran's missile program and the elite Revolutionary Guards in retaliation for new sanctions imposed by the United States.

Lawmakers overwhelmingly approved the outlines of the bill to "counter America's terrorist and adventurist actions" as some chanted "Death to America", the state broadcaster IRIB reported.

The measure came in retaliation to legislation passed by U.S Congress and signed by U.S. President Donald Trump in early August to impose new sanctions on Iran over its missile program.

Iran denies its missile program violates a U.N. resolution which endorsed Tehran's 2015 nuclear deal with world powers and calls upon the Islamic Republic not to conduct activities related to ballistic missiles designed to deliver nuclear weapons. Tehran says it does not design such missiles.

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