Since the hostage-taking at the US Embassy in Tehran in 1979, until the suppression of the protests that erupted after the death of Mahsa Amini, Iran has experienced more than 40 years of international sanctions. Accelerating inflation and a sharp decline in the riyal. It is noteworthy that the sector of supplying medicines and medical equipment is particularly affected by the sanctions.
Freeze assets after hostage-taking
In April 1980, Washington issued a ban on the supply of consumer goods and froze $12 billion in Iranian assets after the hostage-taking at the US Embassy in Tehran, from November 4, 1979 to January 20, 1981.
Banning Iranian products from entering the United States
In early 1984, Washington placed Iran on its blacklist of countries exporting terrorism, accusing it of its involvement in the Beirut attacks of October 23, 1983, in which 241 American soldiers were killed. In October 1987, President Ronald Reagan banned the import of Iranian products and some exports to Iran, in response to Iranian attacks on US forces in the Gulf.
In June 1995, former US President Bill Clinton issued a decree imposing a comprehensive embargo on Iran on charges of supporting international terrorism. The following year, Congress passed the “Amato Act,” which provided for retaliatory measures against foreign companies that invest in Iran’s oil sector.
Sanctions from the United Nations on the nuclear program
In 2005, Iran’s conservative president, Mahmoud Ahmadinejad, restarted the nuclear program. Against the backdrop of suspicion of Tehran’s desire to acquire nuclear weapons, the United Nations announced a series of sanctions.
From 2006 to 2010, four resolutions stipulated the imposition of economic and trade sanctions on entities associated with the Iranian nuclear and ballistic programs and the freezing of their assets and the assets of persons associated with them. Added to this is an embargo on Iranian weapons and a restriction on Tehran’s ability to borrow.
US and European sanctions--
For its part, the United States in 2008 banned American banks from acting as intermediaries in the transfer of funds with Iran. Between 2010 and 2012, retaliatory measures were announced against foreign companies investing in Iran’s oil sector, and the auto sector was also targeted.
In 2010, the European Union banned technical assistance or the transfer of oil technology to Iran, froze the assets of 243 Iranian entities at the end of 2011, imposed an oil embargo in early 2012, froze the assets of the Central Bank of Iran, and then banned transactions between European and Iranian banks.
This section contains related articles, placed in the (Related Nodes field)
In 2015, the Iranian nuclear agreement, which was supposed to ensure that Iran would not obtain nuclear weapons, provided for the lifting of sanctions imposed since 2006 regarding the nuclear program in stages.
Trump reimposes sanctions
In 2018, former US President Donald Trump withdrew the United States from the agreement and re-imposed severe economic sanctions on Iran, which responded by gradually withdrawing from the agreement.
Europe tried to circumvent the new US sanctions with a barter mechanism called “Instex” that was activated in March 2020 in the midst of the first wave of “Covid-19” to deliver medical equipment to Iran, but the mechanism of Instex was limited.
Biden negotiates and continues to impose sanctions
Since Joe Biden’s arrival in the White House in early 2021, Washington has indirectly negotiated with Iran to return to the nuclear deal, but the US president has continued a policy of sanctions in response to human rights violations, Iranian arms deliveries to Russia, or cyberattacks.
Washington and Brussels have imposed several packages of sanctions since the bloody suppression of the demonstrations after the killing of Mahsa Amini in September 2022, after she was detained by the morality police in Tehran.
On Monday, January 23, 2023, the European Union imposed sanctions on a number of Iranian Revolutionary Guard leaders.