Sanctions
On June 4, the United States sanctioned a major network of front companies for hiding assets on behalf of Iranian leaders. The Treasury targeted The Execution of Imam Khomeini’s Order and 37 ostensibly private businesses under it. Many are front companies involved in real estate,…
On June 3, the United States imposed sanctions for the first time on Iran’s currency, the rial. Foreign financial institutions may now face penalties if they “knowingly conduct or facilitate significant transactions” involving the rial― which has already lost half its value since January 2012…
Sanctions have had the unintended consequence of empowering the Iranian regime, according to a new report by the Center for Arms Control and Non-Proliferation. Sanctions have signaled international opposition to Iran’s proliferation activities. But Iran has continued to defy demands by…
On May 31, the United States targeted Iranian petrochemical companies for the first time. It also imposed sanctions on five foreign companies helping Iran evade sanctions on its oil and air industries. The Treasury and the State Department targeted Ferland Company Limited, a Cyprus and…
On May 30, the United States authorized the export of cell phones, computers and internet equipment to Iran. The export of such consumer electronics and communications tools had been banned since 1992. “As the Iranian government attempts to silence its people by cutting off their…
On May 23, the U.S. Treasury sanctioned 20 individuals and entities for involvement in Iran’s nuclear and missile proliferation networks. They were responsible for moving supplies and providing services to clandestine programs. “As long as Iran continues to pursue a nuclear and…
On May 15, two top officials in the Obama administration claimed U.S. sanctions are having a growing impact on the Iranian economy, the regime’s political calculations and Tehran’s foreign policy. The following are excerpts from the testimony of Under Secretary of the Treasury David S.…
On May 9, the State Department imposed new sanctions on four Iranian companies and one individual for providing “goods, technology, and services that increase Iran’s ability to enrich uranium and/or construct a heavy water” research reactor. U.N. Security Council Resolutions prohibit…
Iran’s oil production dropped 17 percent in 2012, according to a new according to a new report by the U.S. Energy Information Administration. But Iran managed to remain the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries on average. Consumption…
In 2012, Iran’s oil exports dropped to their lowest level since 1986, according to a new report by the U.S. Energy Information Administration. Exports declined 39 percent between from 2011 to 2012 alone due to tightened U.S. and E.U. sanctions. Production of crude oil and condensates…