The explosive growth in their use has prompted questions about how much is too much. ... The United States, as of this writing, has 7,967 sanctions in place.
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2019-05-03
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2019-04-24
The strategic Chabahar port project, being developed by India in Iran, is a separate exception and will not be impacted by US President Donald Trump's decision not to renew exemptions that let eight countries including India to buy Iranian oil without facing tough American sanctions, a State Department official said.
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2019-04-22
he United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch The Trump administration on Monday said it will not renew exemptions granted last year to buyers of Iranian oil, a more stringent than expected decision that caught several key importers who have been pleading with Washington to continue buying Iranian oil sanctions-free.
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2019-04-04
In a brief statement issued on Tuesday, US Secretary of State Mike Pompeo offered condolences to “the victims of the recent floods in Iran” while claiming, “it is the [Iranian regime’s] mismanagement that has led to this disaster.” Pompeo asserted that the Trump administration “stands ready to assist and contribute to the International Federation of Red Cross and Red Crescent Societies, which would then direct the money through the Iranian Red Crescent for relief.” Pompeo’s statement appears to have been spurred by reports that the Iranian Red Crescent Society (ICRS) is unable to accept international aid due to a lack of viable banking channels. Ali Asghar Peyvandi, the head of the Iranian Red Crescent Society, told reporters in Iran that “Prior to the [reimposition of US] sanctions, we had some Red Crescent accounts connected to SWIFT, and we sought international aid through them. However, at present, these accounts have been sanctioned and there is no possibility for money transfers from other countries.”
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2019-02-22
... "Sanctions is the first problem in our country and in our system. We can't transfer the money and make the preparations for surgery. It's a big problem for us," says Dr. Mohammad Hassan Bani Asad, managing director of the Gandhi Hotel Hospital. "We have the procedures, but we don't have the instruments. It is very difficult for patients and maybe leads to death of some patients." ...
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2019-02-19
Beijing’s Middle-East Policy, especially that towards Iran, remains an enigma of sorts. Though it remains heavily engaged with Tehran, it is taking great care to avoid ruffling Uncle Sam’s feathers. ...
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2019-02-01
The long reach of U.S. law affects persons, property, and acts around the world. In trying to shield EU-based individuals and entities with commercial interests from its adverse impact, European policy-makers have recently been exposed as more or less helpless. In order to pursue their strategic objectives more effectively, Europeans must not only focus on increasing strategic autonomy vis-à-vis the U.S. government. Absent a diplomatic agreement with the executivebranch, they must also better uti-lize available channels of influence. One potential avenue would be to substantially supportEU-based companies in domestic courts –both diplomatically as well as finan-cially–in order to challengethe executive branch whenenforcing U.S. law beyond borders. Only the judicial branch caneffectivelycurb the extraterritorial application of U.S. jurisdiction.
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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. ...
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2019-01-31
The European Union has announced the setting up of a payment mechanism to secure trade with Iran and skirt US sanctions after Washington pulled out of the landmark nuclear deal last May. The proposal of a financial instrument has been a key element in the EU's strategy to keep Iran from quitting the 2015 nuclear agreement, which was signed to prevent Tehran from building nuclear weapons in exchange for sanctions relief. …
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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. ...