June 19, 2013
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The week's top five must-sees,
delivered to your inbox.
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Description
Numerous governments and multinational entities impose sanctions against Iran, which are commonly used to bar nuclear and military exports to the country.
The United States originally imposed sanctions against Iran following the Iranian Revolution of 1979, expanded them to include firms dealing with the Iranian regime in 1995. In 2006, the UN Security Council passed Resolution 1696 in response to Iran's non-compliance with its IAEA safeguards agreement and imposed sanctions after Iran refused to suspend its enrichment program. American sanctions initially targeted investments in oil, gas and petrochemicals, exports of refined petroleum products, and business dealings with the Iranian Republican Guard Corps. In recent years, US Congress has dramatically expanded the range of activities subject to sanctions, going beyond investments in Iranian petroleum and gas production to include simple purchases of Iranian crude oil and almost all financial transactions. This encompasses banking and insurance transactions, shipping, web-hosting services for commercial endeavors, and domain name registration services. Congress has also increased the penalties that can be imposed on offending entities, such as cutting them off from the US financial system. Secondary sanctions against corporations have reduced the willingness of companies and banks in many countries to do business with Iran.
(via Freebase)
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![AsiaSat takes Iranian channels off air in East Asia [Press TV, Iran]](/images/image_cache/base-14201000/14201992/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=aa156ed2341d67ec20c607ff4ac7e826)
