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Tuesday 20th March 2018

Iran Mocks US Sanctions List

Politics

7Dnews London

Wed, 07 Nov 2018 17:01 GMT

Iran officials have mocked the recently returned sanctions upon the country, saying that some of the sanctions include mothballed 747s, a sunken oil tanker and a closed bank.

Foreign Minister Mohammad Javad Zarif took to Twitter on November 6th to poke fun at some of the targets of the sanctions, which he described as a "desperate" psychological ploy.

"The US designated a bank that was closed six years ago, and a ship that sank in a widely televised saga," he wrote.

But the latest batch of sanctions do include some new, vital, additions. For the first time, Iran’s state airline and its atomic energy commission have been hit by sanctions. The new list of sanctions has also taken aim at Iran’s oil industry, with the aim of cutting it off from international sales.
 
The sanctions come after US President Donald Trump withdrew from the 2015 nuclear accord with Iran. Despite the US withdrawal from the agreement, United Nations monitors maintain Iran is still abiding by the deal, which saw Iran limiting its uranium enrichment in return for the lifting of international sanctions.

On November 5th, the US Treasury Department’s latest sanctions took effect, targeting more than 700 Iranian and Iranian-linked individuals, entities, aircraft and vessels. Among those are 50 Iranian banks and subsidiaries, and more than 200 people and ships.

However, scattered within the list are some odd entries, like the crude oil tanker Sanchi. The vessel collided with a bulk freighter and caught fire off China's east coast in January, killing all 32 sailors aboard. Another similar entry was Iran's Tat Bank, which closed in 2012.

It would also appear that the US has directly sanctioned the Atomic Energy Organisation of Iran. This is the government agency that oversees Iran's nuclear programme. Prior sanctions only targeted specific subsidiaries of the organisation.

Eshaq Jahangiri, President Hassan Rouhani's senior vice president, also criticised the sanctions.

"Americans think their list is more effective if it is longer," said Jahangiri.

According to AP, the new sanctions will particularly hurt Iran's vital oil industry, which provides a crucial source of hard currency. US Secretary of State Mike Pompeo said the sanctions have already cost Iran the sale of over 1 million barrels of crude oil a day.

 


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