In order to curb Iran’s activities in nuclear power and to limit its support to the militia units in Iran, Iraq and Syria, the United States on Friday announced fresh sanctions. The new sanctions are to be imposed on all the firms in Iran, China and United Arab Emirates for doing business with Islamic Republic of Iran Shipping Lines. The US will also impose fresh sanctions on three entities over conventional arms deals.
The US, under President Trump has earlier imposed sanctions on Iran. As Trump’s last day in White House is nearing, the Republican administration has decided to include stringent measures that will restrict Tehran from achieving more in terms of nuclear power. It has to be noted that Tehran had entered an agreement involving six major world powers in 2015 to manage the nuclear power it generated. This agreement was a way for Iran to stabilise its economy that had crippled due to sanctions imposed by the US.
Later in 2018, US decided to opt out from the Iran Nuclear Deal as the agreement could not go far enough, Trump had stated. However, he allowed negotiation on this pact that he said will introduce stricter extensive constraints on Iran’s nuclear program. US aimed to further tighten its clutches on Iran, so nuclear deals can be monitored in the region.
The US Secretary of State Mike Pompeo stated that the US has sanctioned seven companies including UAE-based Accenture Building Materials and Chinese-based Jiangyin Mascot Special Steel Co along with two people for shipping steel to or from Iran, reported Reuters. The companies and individuals that transfer any of the 15 materials that the State Department says is used in Iran’s nuclear projects or any ballistic missile programs are also likely to be sanctioned, Pompeo clarified.
Taking a step further to restrain Iran’s nuclear activities, the US has also blacklisted many companies that include Iran Aviation Industries Organization and Aerospace Industries Organization. Meanwhile, Democratic President-elect Joe Biden has said that he will enter the 2015 pact again, if Iran resumes strict compliance with it.