"The renewed sanctions imposed a freeze on Iranian assets abroad, a halt on arms deals with Tehran and additional restrictions on Iran's ballistic missile program, among other measures. "No big deal," Iranian Oil Minister Mohsen Paknejad remarked. "In less than two years, 25 sanction packages with a total of 470 to 480 new punitive measures have been imposed on Iran. There are no further sanctions that could seriously concern us," he told reporters on October 1."
"In order to fund the nuclear program, Iranian elites are forced to pour enormous amounts of money into it primarily through the revenue it generates by exporting crude oil. "With the return of UN sanctions, restrictions now apply to Iranian shipping, there's a ban on the sale of fuel to Iranian tankers, increased inspections of ships carrying potentially dual-use goods,"
At the end of September the United Nations reinstated wide-ranging sanctions on Iran after Britain, France and Germany triggered the JCPOA snapback mechanism. The measures freeze Iranian assets abroad, halt arms deals, and impose additional restrictions on Iran's ballistic missile program. Iranian Oil Minister Mohsen Paknejad described the move as inconsequential, citing 25 sanction packages and roughly 470–480 punitive measures imposed in under two years. Some sanctions target Iran's nuclear program following US strikes and claims that nuclear sites were destroyed. The sanctions constrain oil revenue by restricting shipping, banning fuel sales to Iranian tankers, increasing inspections of potentially dual-use cargo, and tightening financial transfers.
Read at www.dw.com
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