Iran Nuclear NewsWhy Europe Should Sanction Iran

Why Europe Should Sanction Iran

-

Why Europe should sanction Iran

Iran Focus

London, 20 May – By doing business with Iran, you’refunding the Revolutionary Guard — the IRGC — who was sanctioned in its entirety by the United States in October.

Last week, President Trump announced his decision to withdraw from the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action.

Now, the stakes are high for those who engage in trade agreements with Iran. In fact, Europe will have to choose between standing alongside its deals with Iran and protecting its trade relations with Washington.

In a highly detailed memo, the Treasury Department explains how and when the Iran sanctions will become effective. Any European company CEO seeking business ties with Tehran should realize that maintaining a market in the U.S. is not worth the risk.

The European Union has a trade relationship of $755 billion with the U.S. vs. those with Iran, which are just $25 billion.

Following Trump’s withdrawal from the Iran deal, a joint declaration by the U.K., France, and Germany emphasized “the goal, not the tactic.” German officials and companies, such as Siemens, voiced concerns over any future business relations with Iran. France’s oil giant Total also declared that it would pull out of a multibillion-dollar gas field contract if it didn’’to receive sanction waivers from the U.S.

Trump concluded that the Iran nuclear deal could not be preserved despite the different voices in his own Cabinet and partners across the globe.

Washington has emphasized that this president is “ready, willing, and able” to “make a new and lasting deal.”

Iran must weigh its options as the Treasury Department is severely sanctioning Central Bank of Iran chief Valiollah Seif. He has been accused of funneling money for the Lebanese Hezbollah by the IRGC through an Iraqi bank. Seif is also the target of “secondary sanctions.”

The IRGC is believed to have a commanding control over Iran’s economy. Therefore, targeting the entities and individuals close to Khamenei will also support the Iranian people’s struggle against this oppressive regime. If Iran loses its financial assets, its foreign meddling, and ballistic missile drive, as well as its nuclear weapons program will end.

To those in the regime Tehran this is a nightmare. All parties imposing measures against Iran will be standing with the Iranian people, on the right side of history.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

Iraq’s dangerous new friend

Los Angeles Times: On sunday, George W. Bush's war...

Eni says paid $888 mln to Iran oil company for crude in 2010

Dow Jones: Eni SpA (E), Italy's biggest oil and...

You might also likeRELATED
Recommended to you