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Tag Archives: Sanctions

Expert Warns “Iran’s Economy is in a Death Spiral”

Steve H. Hanke is a professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a …

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U.S. backs EU Iran sanctions push, warns firms against Tehran trade

The United States on Tuesday welcomed a push by some EU states to impose new sanctions on Iran and warned firms considering doing business with the Islamic Republic that they could be funding militant groups and regional instability. U.S. President Donald Trump has set European allies a May 12 deadline …

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AUSTRIAN BANK IN IRAN FREEZES BUSINESS FEARING U.S. SANCTIONS

Austria’s Oberbank, which, as a result of the 2015 nuclear deal became the first European bank to enter Iran’s financial system, announced it has not moved forward with business transactions in the Islamic Republic because of US sanctions. “As the first Western financial institution Oberbank reached a financial agreement with …

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Iran jetliner deal could take longer to complete, Airbus says

The sales chief of European planemaker Airbus predicted Iran would take delivery of dozens of European jets it has ordered under a nuclear sanctions deal with major powers, but warned the transactions could take longer to complete than planned. The logo of Airbus is pictured at the company’s headquarters in …

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Trump issues warning, but continues to honor Iran deal

President Donald Trump on Friday avoided upending the nuclear deal with Iran that he has repeatedly disparaged, agreeing to waive key sanctions the US lifted as part of the deal. But Trump warned Friday in a statement that the waiver — which must be issued every 120 days to keep the …

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U.S. sanctions head of Iran’s judiciary, others, over human rights abuses

The United States imposed sanctions on 14 individuals and entities on Friday for human rights abuses in Iran and supporting Iranian weapons programs, including the head of Iran’s judiciary, Ayatollah Sadeq Larijani. The U.S. Treasury Department said in a statement that Larijani, a close ally of Supreme Leader Ayatollah Ali …

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Treasury Secretary Mnuchin: “I expect new sanctions on Iran”

U.S. Treasury Secretary Steve Mnuchin said on Thursday that he expected U.S. President Donald Trump to impose new sanctions on Iran. “I am expecting new sanctions on Iran,” Mnuchin told reporters. “We continue to look at them. We’ve rolled them out and I think you can expect there will be …

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The Biggest Sanctions-Evasion Scheme in Recent History

JONATHAN SCHANZER – The AtlanticYesterday, Turkish banker Mehmet Hakan Atilla was found guilty in a Manhattan courtroom for a range of financial crimes. His dramatic trial revealed that tens of billions in dollars and gold moved from Turkey to Iran through a complex network of businesses, banks, and front companies. …

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Trump Mulls Squeezing Iran With Tougher Sanctions

Dan De Luce (Foreign Policy) The Trump White House is poised to ratchet up existing sanctions against Iran and is weighing a much stricter interpretation of the nuclear agreement between Tehran and major world powers. The administration is inclined to adopt a “more rigorous application of the tools at its disposal,” …

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U.S. sanctions brother of Iran’s Quds force commander

The United States on Thursday sanctioned Sohrab Soleimani, the brother of the commander of Iran’s Revolutionary Guards, for his role in abuses in Iranian prisons. The action freezes any assets Soleimani might have in the United States and bars U.S. citizens from conducting transactions with him. Soleimani is the “supervisor …

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