Iran has filed a complaint at the International Court of Justice (ICC) against the United States regarding the impact of Washington's sanctions that have seriously hampered the country’s efforts to curtail the coronavirus pandemic.
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2020-07-05
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2020-06-29
Aiming to make Iran’s economy scream and its people suffer, they’re political instruments of mass destruction, a flagrant UN Charter breach — war by other means. In 1996, the Vienna-based International Progress Organization called sanctions “an illegitimate form of collective punishment of the weakest and poorest members of society, the infants, the children, the chronically ill, and the elderly.” Imposed to get targeted nations to bend to its will, US sanctions war on North Korea for around 70 years, on Cuba for over 60 years, Iran for over 40 years, Venezuela for over 20 years, and other countries failed to accomplish their objectives by turning their populations against their ruling authorities.
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2020-06-25
The United States on Thursday blacklisted four companies in Iran’s metals sector, as well as one German and three Emirati subsidiaries of Iran’s largest steelmaker that Washington said generate millions of dollars for Tehran’s metals industry. The Treasury Department said in a statement that the sales agents together generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, contributing to billions of dollars generated overall by Iran’s steel, aluminum, copper and iron sectors.
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2020-06-24
There are currently no reliable, updated statistics on the coronavirus pandemic’s medium and long-term impact on businesses in Iran. […] The International Monetary Fund (IMF) puts the inflation rate in Iran at 34.2 percent, the GDP growth rate at -6 percent, and unemployment at 16.3 percent in 2020.
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2020-06-23
The US administration under Barack Obama drafted “Caesar’s Law” in 2016 to subdue Syria but kept it in the drawer. President Donald Trump and his administration dusted it off and are now implementing “Caesar’s Law”. In fact, Trump’s policy is manna to Iran: the US administration is playing straight into the hands of Tehran. Iran is reaping huge benefits, including more robust allies and resistant strongholds as a result of the US’s flawed Middle Eastern policies. Motivated by the threat of the implementation of “Caesar’ Law”, Iran has prepared a series of steps to sell its oil and finance its allies, bypassing depletion of its foreign currency reserves.
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2020-06-22
Over the weekend, a sixth Iranian cargo ship entered Venezuelan waters and is due to dock shortly. It follows a convoy of five Iranian tankers laden with gasoline to supply Venezuelan refineries. The freight this time, according to the Iranian embassy in Caracas, is humanitarian aid — food. There are unconfirmed reports the ship also carries spare parts for refineries in need of repairs. Earlier last week, Mexican President Andrés Manuel López Obrador announced that Mexico would sell gasoline to Venezuela for humanitarian reasons were Caracas to ask for assistance. The Maduro government has so far made no such request.
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2020-06-20
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2020-06-14
Manufacturing Gives Iran a Lifeline
Private-sector growth has compensated for the sanctions squeeze on oil exports, but a new threat looms.
By Esfandyar Batmanghelidj
June 14, 2020
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2020-06-08
Majid Taheri had spent nearly 16 months in US prisons for allegedly violating US sanctions on Iran. The release comes a few days after US military veteran Michael White was freed by the Islamic Republic. He was sentenced to prison for security crimes and a lawsuit by private plaintiffs. Iran has reiterated that no direct negotiations had taken place between Tehran and Washington for the release of the two prisoners.
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2020-06-08
U.S. sanctions imposed on Iran’s shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction. U.S. Secretary of State Mike Pompeo in a statement on Monday warned commercial and maritime industries, governments and others that they risked U.S. sanctions if they did business with the Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Company.