Iran Nuclear NewsFACTBOX-Current sanctions on Iran over nuclear programme

FACTBOX-Current sanctions on Iran over nuclear programme

-

ImageReuters: Following are some details of the sanctions imposed on Iran by the United States, European Union and United Nations:

ImageApril 12 (Reuters) – Following are some details of the sanctions imposed on Iran by the United States, European Union and United Nations:

* U.S. SANCTIONS:

— Sanctions imposed after Iranian students stormed the U.S. embassy and took diplomats hostage in 1979 included a ban on most U.S.-Iran trade.

— Goods or services from Iran cannot be imported into the United States, either directly or through third countries, with the following exceptions: gifts valued at $100 or less; information or informational materials; foodstuffs intended for human consumption; certain carpets and other textile floor coverings and carpets used as wall hangings.

— In 1995, President Bill Clinton issued executive orders preventing U.S. companies from investing in Iranian oil and gas and trading with Iran. Tehran has looked for other customers.

— Also in 1995, Congress passed a law requiring the U.S. government to impose sanctions on foreign firms investing more than $20 million a year in Iran's energy sector. It was extended for five years in September 2006. No foreign firms have yet been penalised, though many have severely curtailed their operations in Iran.

— In October 2007 Washington imposed sanctions on Bank Melli, Bank Mellat and Bank Saderat and branded the Revolutionary Guards a proliferator of weapons of mass destruction. Two years later, in October 2009, the Treasury also sanctioned Bank Mellat in Malaysia and its chairman.

— Companies worldwide that supply gasoline to Iran would be largely prevented from doing business with the United States under bills that have recently passed the U.S. Senate and House of Representatives. Negotiators must combine the bills into one if Congress is to pass the measure and send it to President Barack Obama for signing into law. — U.S. sanctions against Iran can be found on the Treasury Department's Office of Foreign Assets Control website: here

* U.N. SANCTIONS:

— The Security Council has imposed three sets of sanctions on Iran, in December 2006, March 2007 and March 2008.

— The first covered sensitive nuclear materials and froze the assets of Iranian individuals and companies linked with the nuclear programme. It gave Iran 60 days to suspend uranium enrichment, a deadline Iran ignored.

— The second included new arms and financial sanctions. It extended an asset freeze to 28 more groups, companies and individuals engaged in or supporting sensitive nuclear work or development of ballistic missiles, including the state-run Bank Sepah and firms controlled by the Revolutionary Guards.

— The resolution invoked Chapter 7, Article 41 of the U.N. Charter, making most of its provisions mandatory but excluding military action. Iran again ignored an order to halt enrichment.

— The third measure increased travel and financial curbs on individuals and companies and made some of them mandatory. It expanded a partial ban on trade in items with both civilian and military uses to cover sales of all such technology to Iran, and added 13 individuals and 12 companies to the list of those suspected of aiding Iran's nuclear and missile programmes. In September 2008, the Security Council unanimously adopted a resolution again ordering Iran to halt enrichment, but imposed no more sanctions due to opposition from Russia and China.

* EU SANCTIONS:

— The EU has imposed visa bans on senior officials such as Revolutionary Guards head Mohammad Ali Jafari, former Defence Minister Mostafa Mohammad Najjar and former atomic energy chief Gholamreza Aghazadeh, and on top nuclear and ballistic experts.

— Britain said on June 18 that Iranian assets frozen in Britain under EU and U.N. sanctions totalled 976 million pounds ($1.59 billion).

— Britain announced on Oct. 12 that it was freezing business ties with Bank Mellat and Islamic Republic of Iran Shipping Lines, both of which have previously faced sanctions from the United States. Britain cited fears they were involved in helping Iran develop nuclear weapons.

(Writing by Tom Doggett and David Cutler, London Editorial Reference Unit;)

Latest news

The Untold Story of Iran Regime’s Assassinated Qods Force Commander

On the evening of May 22, IRGC Colonel Hassan Sayad Khodai, one of the senior commanders of the Iranian...

Not Even India Invests in Iran’s Ports

Over the past few years, India has been expanding Iran’s port of Chabahar, seeking to send goods through this...

Khamenei’s Wrong Decisions and Its Poisoning Result

In recent days, many demonstrations have taken place across Iran, protesting the Iranian regime’s decisions to increase the price...

Iran: Officials Promote Starving Citizens Under a ‘Great Economic Plan’

Over the past four decades, the Iranian regime has been infamous for making false statements. As a result, citizens...

After Coronavirus, Iran’s Regime Kills People Through Starvation

Multiple protests have recently erupted in various cities across Iran, following the 100 to 400 percent increase in the...

Requirements for a Simple Life in Iran; the Unattainable Dream

It is no exaggeration to say that Iran's economy is in a major freefall. All economic indicators are suggesting...

Must read

Top US official slams Germany over trade with Iran

AFP: The top US official for arms control, John...

Bush: U.S. “deeply” concerned at Iran’s activities

Iran Focus: London, Mar. 30 – United States President...

You might also likeRELATED
Recommended to you