Donald Trump re-imposes economic sanctions on Iran

The Trump administration moved Monday to reimpose economic sanctions on Iran, a long-scheduled step that accompanied President Donald Trump’s offer to talk about a new nuclear agreement with Tehran.

“As we continue applying maximum economic pressure on the Iranian regime, I remain open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities, including its ballistic missile program and its support for terrorism,” Trump said in a written statement.

The United States is renewing economic sanctions that were lifted by the Iran nuclear agreement negotiated in 2015 during President Barack Obama’s administration. Trump withdrew from the pact in May, calling it inadequate and claiming it would not prevent Iran from making nuclear weapons.

In his statement, Trump said the “horrible” nuclear deal “threw a lifeline of cash to a murderous dictatorship that has continued to spread bloodshed, violence, and chaos.”

Iranian President Hassan Rouhani, in a speech responding to the sanctions, said his country is open to negotiations but questioned Trump’s sincerity.

“Negotiations at the same time as imposing sanctions, what meaning does that have?” Rouhani said.

Other parties to the agreement objected to the U.S. withdrawal, saying it would encourage Iran to pursue nuclear weapons and further destabilize the Middle East.

A group of European foreign ministers said in a statement Monday that they “deeply regret” the renewed U.S. sanctions and that Iran was abiding by the agreement when Trump withdrew.

The Iran agreement “is working and delivering on its goal, namely to insure that the Iranian program remains exclusively peaceful,” the foreign ministers said.

It is not known how much the sanctions will hurt Iran. Other nations that signed the Iran nuclear agreement still support it and are likely to maintain economic cooperation with Tehran.

The “snap-back” sanctions will affect any entity that trades with Iran in products ranging from gold and steel to automobiles. The Trump administration plans to renew other sanctions in three months, including ones targeting Iran’s lucrative oil industry.

“All remaining United States nuclear-related sanctions will resume effective November 5, 2018,” Trump said in his statement. “These include sanctions targeting Iran’s energy sector, including petroleum-related transactions, as well as transactions by foreign financial institutions with the Central Bank of Iran.”

Trump and aides said the sanctions will further damage Iran’s economy, putting more pressure on its leaders to seek a new agreement through talks with Trump.

Monday’s announcement followed a series of threats and counterthreats in recent weeks between Trump and Tehran.

Last week, Trump said, “I would certainly meet with Iran if they wanted to meet,” but he added, “I don’t know that they’re ready yet, they’re having a hard time right now.” He said any new agreement would have to be better than the “waste of paper” that made up the first one.

Under the 2015 agreement, long opposed by Trump and other Republicans, the United States and its allies pulled back sanctions on Iran as it gave up the means to make nuclear weapons.

United States President – Executive Order (E.O.) of August 6, 2018 “Reimposing Certain Sanctions With Respect to Iran” (the “New Iran E.O.”)

Click to access 08062018_iran_eo.pdf

Source » usatoday

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