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Tuesday 20th March 2018

The Iranian Regime Faces New Sanctions

Politics

7Dnews London

Sun, 04 Nov 2018 00:45 GMT

The United States is preparing to re-impose sanctions on the Iranian regime which still, according to the White House continue to cause destabilisation in the Middle East.

The newly re-imposed sanctions on Iran will include imposing a boycott on:

- Iranian port operators, shipping and shipbuilding sectors, including Iranian shipping trade and its subsidiaries.

- Oil-related transactions with national Iranian oil companies, Iran's oil company for commercial exchange, and the Iranian National Tanker Company, including the purchase of oil and petroleum products or petrochemical products from Iran.

- Transactions by foreign financial institutions with the Central Bank of Iran and Iranian financial institutions renewed under Article 1245 of the National Defense Authorisation Act, including sanctions on the provision of specialised financial services to the Central Bank of Iran and the Iranian financial institutions set out in the Comprehensive Penal Code, 2010.

- Insurance services.

- Iranian Energy Sector.

- Withdrawal of the authorisation granted to foreign entities owned or controlled by the United States in order to terminate certain activities with the Iranian government or persons under the jurisdiction of the Iranian Government.

- Re-impose sanctions applicable to persons who have been removed from the list of sanctions or other relevant lists of the US government.

- Any companies with activities under the sanctions chamber should take the necessary steps to reduce those activities by November 4, in order to avoid being sanctioned or prosecuted by US law.

The Arab Human Rights Network to Support Sanctions Against the Iranian Regime, an alliance between a number of Arab organisations, and human rights figures based in Geneva, Switzerland, supports the rights of these economic sanctions to confront and counter the role of the Iranian regime in financing terrorism, global extremism and human rights violations.

Arab Rights Network to Support Sanctions against the Iranian Regime

Geneva / Switzerland

4 November 2018


Middle East