• 2019-01-31

    When the Trump administration unilaterally pulled out of the Iran nuclear agreement in May 2018 and announced it would reimpose sanctions against Iran, the European Union (EU) declared its commitment to preserving the agreement and finding ways for its companies to circumvent U.S. sanctions. Now, eight months later, the, the Europeans finally announced the creation of INSTEX (Instrument In Support Of Trade Exchanges) as an alternative payment system so that European firms can do business with Iran. This mechanism might be too little and too late to salvage the Iran nuclear deal but it marks a milestone in an inevitable transition of epic proportions: the end of the global hegemony of the dollar. ...

  • 2018-11-07

    On November 5, further US sanctions on Iran went into effect and are expected to bring devastating consequences on the Islamic Republic and its people.  It is feared that women along with children and impoverished Iranians are most at risk. ...

  • 2018-11-01

    Since the new US embargo of Iran on Aug 6, at the MAHAK Pediatric Cancer Treatment & Research Center, parents ask questions every day about whether any drugs are available to treat their children, and whether they are genuine and not counterfeit. ... 

  • 2018-10-16

    The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against a vast network of businesses providing financial support to the Basij Resistance Force (Basij), a paramilitary force subordinate to Iran’s Islamic Revolutionary Guard Corps (IRGC).  Among other malign activities, the IRGC’s Basij militia recruits, trains, and deploys child soldiers to fight in IRGC-fueled conflicts across the region. This Iran-based network is known as Bonyad Taavon Basij, which is translated as Basij Cooperative Foundation, and is comprised of at least 20 corporations and financial institutions.  The Bonyad Taavon Basij employs shell companies and other measures to mask Basij ownership and control over a variety of multibillion-dollar business interests in Iran’s automotive, mining, metals, and banking industries, many of which have significant international dealings across the Middle East and with Europe.

  • 2018-10-04

    All unilateral sanctions by one country against others are flagrantly illegal. Under international law, Security Council members alone may impose them. The International Court of Justice (ICJ-World Court) preliminary ruling against the US is positive. It didn’t go far enough because on July 16, 2018, the Islamic Republic petitioned the ICJ for sanctions relief, claiming the Trump regime violated terms of their 1955 US-Iran Treaty of Amity, Economic Relations, and Consular Rights.

  • 2018-10-04

    As the economic noose tightens on the Iranian economy, smugglers will thrive and the IRGC will be the first to profit.

  • 2018-09-24

    A Ministerial Meeting of the E3/EU+2 (China, France, Germany, the Russian Federation and the United Kingdom, with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran, the participants of the Joint Comprehensive Plan of Action, was held on 24 September 2018 in New York. The participants considered ways forward to ensure the full and effective implementation of the JCPOA in all its aspects. They also took stock of the process of finding and operationalising practical solutions for issues arising from the unilateral withdrawal of the United States from the agreement and the re-imposition of sanctions lifted under the JCPOA and its Annex II, which they deeply regret.

  • 2018-09-22

    On May 8, 2018, the USA withdrew from the Iran nuclear deal and reimposed a list of sanctions that target Iran’s economy and companies from third-party countries that continue to trade with Iran. Both US and non-US business partners have been winding down their economic activities in Iran. These sanctions will have a detrimental effect on the country’s viral hepatitis elimination programme. ...

  • 2018-08-28

    The United States has a long history of dominating international economic institutions and has been able to use that power in the past to control other governments and enrich its industries. At present, the United States is waging an economic World War targeting much of the world economy, including allies who refuse to comply with US mandates. ...

  • 2018-06-06

    Commission Delegated Regulation (EU) 2018/1100 of 6 June 2018 amending the Annex to Council Regulation (EC) No 2271/96 protecting against the effects of extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom C/2018/3572

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