{"id":170411,"date":"2020-10-12T12:00:46","date_gmt":"2020-10-12T11:00:46","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=170411"},"modified":"2024-09-23T14:39:22","modified_gmt":"2024-09-23T13:39:22","slug":"trump-administration-imposes-crushing-new-sanctions-on-iran","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2020\/10\/trump-administration-imposes-crushing-new-sanctions-on-iran\/","title":{"rendered":"Trump Administration Imposes Crushing New Sanctions on Iran"},"content":{"rendered":"

The move will make it hard for the country to import humanitarian goods like food and medicine, US allies say.<\/em><\/p><\/blockquote>\n

\"\"<\/a>

The US president has authorised Mr Pompeo to sanction \u2018any part\u2019 of Iran\u2019s economy.
(POOL\/AFP via Getty Images)<\/p><\/div>\n

9 Oct 2020 – <\/em>The Trump administration on Thursday [8 Oct] imposed a new, crushing round of sanctions that virtually blacklists Iran\u2019s entire financial sector – raising concerns it will cut off the country\u2019s ability to import humanitarian goods like food and medicine.<\/p>\n

\n

Treasury Secretary Steven T. Mnuchin said in a statement that the sanctions, which target 18 banks and penalize foreign institutions that do business with them, are part of efforts to cut down on \u201cillicit access to U.S. dollars\u201d and won\u2019t stifle humanitarian efforts.<\/p>\n<\/div>\n

\n

\u201cOur sanctions programs will continue until Iran stops its support of terrorist activities and ends its nuclear programs,” Secretary Mnuchin said. “Today\u2019s actions will continue to allow for humanitarian transactions to support the Iranian people.\u201d<\/p>\n<\/div>\n

\n

The country is struggling with both a record-setting coronavirus outbreak<\/a> and a currency crisis,<\/a> making the latest round of sanctions, which essentially sever Iran from the global financial system<\/a>, an even heavier blow.<\/p>\n<\/div>\n

\n

Foreign companies or individuals doing business with the \u00a0banks will have 45 days to unwind their relationships, and then will face \u201csecondary sanctions.\u201d<\/p>\n

\"\"<\/a>

The Freedom Articles<\/p><\/div>\n<\/div>\n

\n

The move is the latest escalation with Iran as the president continues a tough re-election bout.<\/p>\n<\/div>\n

\n

In September, the Trump administration sought to unilaterally re-impose UN sanctions<\/a> against Iran that had been lifted as part of the 2015 nuclear deal, though fellow UN Security Council nations have not to recognized the decision.<\/p>\n<\/div>\n

\n

In 2018, the Trump administration withdrew the US from the deal<\/a> and reimposed some of the sanctions it had lifted, and tense relations have remained since. In 2019, the president designated the Iran\u2019s Islamic Revolutionary Guard Corps a foreign terrorist organization, over objections from the US Department of Defense.<\/p>\n<\/div>\n

\n

And in 2020, following earlier attacks the U.S. alleged were led by Iranian-backed militias, a drone strike in Iraq killed Iran\u2019s top military commander, Gen. Qassem Soleimani, and the country responded with missile attacks on U.S. forces.<\/p>\n<\/div>\n

\n

Mr Trump\u2019s rival in the election, former Vice President Joe Biden, supports returning to the nuclear deal.<\/a><\/p>\n

Go to Original – independent.co.uk<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Trump administration on 8 Oct 2020 imposed a new, crushing round of sanctions that blacklists Iran\u2019s entire financial sector, which will cut off the country\u2019s ability to import humanitarian goods like food and medicine. Foreign companies or individuals will have 45 days to unwind their relationships, and then will face \u201csecondary sanctions.\u201d A consequence of Trump’s tough re-election bout.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":136842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[867,120,267,1126,260,1050,504,742,88,767,109,287,923,1759,249,95,70,126,118,172],"class_list":["post-170411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east-north-africa","tag-anglo-america","tag-conflict","tag-geopolitics","tag-hegemony","tag-history","tag-imperialism","tag-international-relations","tag-iran","tag-israel","tag-middle-east","tag-politics","tag-power","tag-sanctions","tag-targeted-assassination","tag-trump","tag-us-military","tag-usa","tag-violence","tag-war","tag-west"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/170411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=170411"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/170411\/revisions"}],"predecessor-version":[{"id":275028,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/170411\/revisions\/275028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/136842"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=170411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=170411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=170411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}