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Iran: U.S. and International Sanctions Adversely Affected the Iranian Economy
Thomas Melito (au)
Since 1987, the U.S. has implemented a broad range of sanctions targeting Iran to deter it from developing its nuclear program, supporting terrorism, and continuing its human rights abuses. Beginning in 2010, Congress has enacted additional financial sanctions which generally restrict Iranian access to the U.S. financial system. In addition, the UN and the European Union (EU) have adopted several sanctions to compel Iran to suspend its nuclear program. However, concerns have been raised in Congress and by the UN about the impact of these sanctions, including the effect of recent financial sanctions on exports of humanitarian goods to Iran. The export of certain humanitarian goods to Iran is allowed by U.S. law, under certain conditions. This report (1) describes recent laws and executive orders that have added to the Treasury Dept.äó»s authority to implement financial sanctions targeting Iran; (2) describes U.S. efforts to administer and enforce the financial sanctions; and (3) analyzes evidence of the effect that recent U.S. and international sanctions have had on the Iranian economy. Tables and figures. This is a print on demand report.
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