Washington, Jan 7: With Iran’s economy already reeling from previous sanctions, the US has passed new measures targeting large swaths of the country’s industrial infrastructure.
According to some officials and economic experts, the new sanctions passed by Congress and signed by President Obama last week are intended to deliver powerful blows against key industries ranging from shipping and ports-management to the government-controlled news media,
The new measures come even as Iranian leaders are indicating a willingness to resume negotiations on the country’s nuclear program, the Washington Post reports.
According to the paper, officials pointed out that while some previous U.S. sanctions targeted individuals and firms linked to Iran’s nuclear industry, the new policies are closer to a true trade embargo, designed to systematically attack and undercut Iran’s major financial pillars and threaten the country with economic collapse.
Mark Dubowitz, executive director of the Foundation for the Defense of Democracy, said that the new effort is intended to make it harder for Iran to evade sanctions through front operations.
According to the Post, the tightening of the economic noose comes amid new signs that Iran may be ready to resume negotiations with the United States and other world powers on possible limits to its nuclear program.
The paper said that Iran’s top nuclear negotiator said that his government had agreed to new talks that would likely take place this month, although the date and location remained unclear. (ANI)