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U.S. restarts sanctions against Iran’s non-energy sector

  • Author:James
  • Source:China Aviation Trade Network
  • Release Date:2018-08-10
United StatesThe White House issued a statement recently announced that it will restart a series of non-energy sanctions on Iran's finance, metals, minerals and automobiles on August 7, 2018.

The White House said that the sanctions will involve the Iranian government to buy dollars; precious metals such as gold; industrial graphite, steel, aluminum, coal and software; transactions related to Iranian currency; activities related to the issuance of sovereign debt by the Iranian government; Iranian auto industry.

The United States will restart some of the remaining sanctions on Iran on November 5, involving Iranian port operators, energy, shipping and shipbuilding industries; oil trading; foreign financial institutions trading with the Iranian central bank.

In the statement, the White House once again strongly criticized the comprehensive agreement on the Iranian nuclear issue, saying that it could not protect US security. It said that since the US withdrew from the agreement on May 8, it has implemented a total of six sanctions against 38 individuals and entities related to Iran. .

On the same day, US President Trump issued a statement saying that he had signed an administrative order to restart some sanctions against Iran. He urged all countries to reduce or terminate the purchase of Iranian crude oil and said that they are open to an agreement on a more comprehensive Iran-related issue.

Earlier in the day, a senior US government official told the media at a briefing on the telephone that the United States had restarted its sanctions against Iran to combat Iran’s regional influence. The United States is working hard to conclude a "global alliance" to counter Iran’s "malicious acts." However, the United States does not intend to promote political change in Iran. It only hopes to change the behavior of the Iranian government. President Trump is prepared to meet with Iranian leaders "at any time" and finally sign a new Iranian nuclear issue agreement.

In July 2015, Iran and the six nuclear powers (United States, Britain, France, Russia, China and Germany) reached a comprehensive agreement on the Iranian nuclear issue. According to the agreement, Iran promised to limit its nuclear program and the international community lifted sanctions against Iraq. On May 8 this year, Trump announced the US withdrawal from the Iranian nuclear issue and will restart sanctions against Iraq. Iran has expressed its ability to cope with the pressure and difficulties brought by the US to restart sanctions against Iraq.
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