Why did the US ban trade with Iran?

List of countries sanctioned by ofac 2020

An oil field worker walks next to drilling rigs at an oil well operated by Venezuela’s state oil company PDVSA, in the rich Orinoco oil belt, April 16, 2015.

Venezuela agreed a key contract to swap oil for Iranian condensate it can use to improve the quality of its crude, with the first shipments planned for delivery this week, five sources close to the deal said.

Washington’s sanctions programs not only prevent U.S. entities from doing business in Iran’s and Venezuela’s oil industries, but also warn non-U.S. individuals and companies transacting with their state-owned oil companies about the possibility of “secondary sanctions.”

Secondary sanctions can carry a range of penalties, including blocking those involved from the U.S. financial system, fines or freezing U.S. assets.

Any “transaction with NIOC by a non-U.S. person is generally subject to secondary sanctions,” the Treasury Department said in response to a question about the deal.

U.S. sanctions

Since the end of World War II, the United States, given the weakness of most of the countries in the world and shielded by anti-communism, has used its economic and military power and the financial organizations born of the Bretton Woods agreement to sanction states that did not align themselves with its economic and strategic interests.

The most recent excuses for sanctions have been the violation of human rights and terrorism, even in countries where it has been proven by declassified documents that the U.S. government itself has encouraged, financed and protected dictatorial regimes in Latin America and the Caribbean, the Middle East, Africa and Asia, not to mention the dozens of invasions and coups d’états – the perfect backdrop for subjugation and subordination.

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In 1950, with the entry of the United States into the Korean War (between North and South Korea), the first economic sanctions were introduced against North Korea, one of the most affected countries, and remained in place until 2008. This decision was aimed at weakening the “Soviet Union’s support” for its ally in the North.

List of international sanctions

Article 215 of the Treaty on the Functioning of the European Union and Article 29 of the Treaty on European Union provide the general framework for European Union (EU) sanctions relating to Iran.

The Decision and Regulation incorporate United Nations sanctions as a follow-up to the United Nations Security Council Resolution (UNSCR) requiring Iran to cease its nuclear proliferation uranium enrichment activities. They also impose a number of autonomous EU economic and financial sanctions on Iran, including the following.

Decision 2011/235/CFSP provides for a ban on the movement and freezing of funds* and economic resources* of persons responsible for serious human rights violations in Iran, as well as those associated with them. Regulation (EU) No. 359/2011 gives effect to Decision 2011/235/CFSP with regard to the following.

Freezing of funds: the prevention of any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management.

U.S. economic sanctions against Iran

Due to the failed nuclear deal negotiated by the previous U.S. administration, the arms embargo against the world’s worst terrorist regime will expire on October 18, in just four months. Four months.

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If no action is taken, Iran will be free to purchase Russian fighter jets that can carry out strikes within a radius of up to 3,000 square kilometers, and this would put cities such as Riyadh, New Delhi, Rome and Warsaw in Iranian sights.

Iran will have discretion to renew and expand its submarine fleet and intensify its threat to international shipping and freedom of navigation in the Strait of Hormuz, the Persian Gulf and the Arabian Sea.

Consider for example the Secretary General’s report UNSCR 2231 which we are discussing today. The report confirmed that the weapons used to attack Saudi Arabia in September 2019 were of Iranian origin. The report further confirmed that the weapons intercepted off the coast of Yemen in November 2019 and February 2020 were of Iranian origin.