Economic Sanctions

Iranian Economic Sanctions

The Trump Administration has announced economic sanctions against Iran "targeting at least 16 individuals and entities for supporting what it said was 'illicit Iranian actors or transnational criminal activity'." These particular sanctions includes freezing any US banking system interaction as well as US assets. Just yesterday, it was announced that Iran was complying with the set nuclear deal; however, these sanctions are being pushed on the basis of "breaking the 'spirit' of the deal" with the threat of additional to come should things not turn around. These individuals "had backed Iran's military or Iran’s Islamic Revolutionary Guard Corps (IRGC) by developing drones and military equipment, producing and maintaining boats, and procuring electronic components, according to the US."