Sanctions
On March 15, the global financial service, SWIFT, decided to cut ties with Iranian banks. The following is SWIFT’s statement. See below for a statement by the Treasury Under Secretary David S. Cohen. Brussels, 15 March 2012 – Following an EU Council decision, SWIFT is today…
On Feb. 16, the State Department issued the following statement on Iran:Today the United States Government took three separate sanctions actions against Iran’s primary intelligence agency, the Ministry of Intelligence and Security (MOIS). MOIS was designated for its involvement in the…
The following is an excerpt of President Obama’s statement on new U.S. sanctions on Iran’s Central Bank. I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal…
President Obama’s Statement on EU’s New Iran Sanctions, on Jan. 23 I applaud today’s actions by our partners in the European Union to impose additional sanctions on Iran in response to the regime’s continuing failure to fulfill its international obligations regarding its nuclear program. These…
Patrick Clawson What does the unprecedented new European Union oil embargo on Iran mean in practical terms?The direct impact of the new EU oil embargo is relatively limited. Economists like to say that oil is "fungible," that is, oil not sold to the EU could be sold to other countries, and so the…
The European Union on Jan. 23 imposed new sanctions on Iran. The following is the EU press statement, with the full conclusions of the EU Foreign Affairs Council below.Iran: New EU sanctions target sources of finance for nuclear programme Given the EU's serious and deepening…
Under the Amended Iran Sanctions Act, the United States on Jan. 11 sanctioned three companies for doing business with Iran's energy sector, expanding the range of punitive American action on the international stage. The following is the State Department announcement. Secretary of State Hillary…
Michael Singh
Iranian officials grabbed global headlines in recent days by threatening to close the vital Strait of Hormuz, through which 20 percent of the world’s traded oil passes. Iran sought to back up its threats by holding a 10-day military exercise in the Persian Gulf and warning the…
On Dec. 20, the United States issued new sanctions against front companies linked to Iran’s missile program. The following rundown was released by the Treasury Department. The U.S. Department of the Treasury today announced the designation of 10 shipping and front companies…
On Dec. 13, the United States sanctioned two senior Iranian military officials for being responsible for or complicit in serious human rights abuses in Iran: Hassan Firouzabadi is chairman of Iran’s Joint Chiefs of Staff and Abdollah Araqi is deputy commander of the Islamic Revolutionary Guard…