New Iran sanctions target industry in bid for deal curbing nuclear program
By Joby Warrick, WashPost, Sunday, January 6, 7:33 PM
New U.S. sanctions have broadened the front in the West’s escalating economic conflict with Iran, targeting large swaths of the country’s industrial infrastructure even as Iranian leaders are indicating a willingness to resume negotiations on the country’s nuclear program.
With Iran’s economy already reeling from previous sanctions, the new measures passed by Congress and signed by President Obama last week are intended to deliver powerful blows against key industries ranging from shipping and ports-management to the government-controlled news media, congressional officials and economic experts say.
While some previous U.S. sanctions targeted individuals and firms linked to Iran’s nuclear industry, the new policies are closer to a true trade embargo, designed to systematically attack and undercut Iran’s major financial pillars and threaten the country with economic collapse, the officials say.
“This is effectively blacklisting whole sectors of the Iranian economy,” said Mark Dubowitz, executive director of the Foundation for the Defense of Democracy, a think tank. “The goal is to create a chilling effect on all nonhumanitarian commercial trade with Iran.”
(More here.)
New U.S. sanctions have broadened the front in the West’s escalating economic conflict with Iran, targeting large swaths of the country’s industrial infrastructure even as Iranian leaders are indicating a willingness to resume negotiations on the country’s nuclear program.
With Iran’s economy already reeling from previous sanctions, the new measures passed by Congress and signed by President Obama last week are intended to deliver powerful blows against key industries ranging from shipping and ports-management to the government-controlled news media, congressional officials and economic experts say.
While some previous U.S. sanctions targeted individuals and firms linked to Iran’s nuclear industry, the new policies are closer to a true trade embargo, designed to systematically attack and undercut Iran’s major financial pillars and threaten the country with economic collapse, the officials say.
“This is effectively blacklisting whole sectors of the Iranian economy,” said Mark Dubowitz, executive director of the Foundation for the Defense of Democracy, a think tank. “The goal is to create a chilling effect on all nonhumanitarian commercial trade with Iran.”
(More here.)
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