US Steps Up Economic Pressure Against Iran's Nuclear Ambitions
Days after the joint talks, the US tightened its squeeze on Iran, escalating financial sanctions against Iranian companies that are suspected of supporting their country's nuclear ambitions. The US has blacklisted or frozen the assets of 15 Iranian companies this year, prohibiting American companies and individuals from doing business with them. Click here to read the full article.
"We believe that there is a real potential that these sanctions will have the effect of changing the government of Iran's mind about the defiant policy it is currently pursuing," said US Treasury undersecretary Stuart Levey.
I doubt it. In the face of stringent United Nations and US economic sanctions, Iran hasn't backed down yet. And few Iranian experts believe the country ever will.
"I don't think if the assets of a few Iranian officials are frozen or if the state of California and the state of New York decide to divest from Iran, suddenly the regime will buckle and say 'we're going to change our nuclear approach'," said Karim Sadjadpour, an Iranian researcher for the Carnegie Endowment for International Peace.
Sadjadpour pointed to Cuba's success in weathering even more stringent US sanctions and with a far weaker economy. He suggested only "a more robust international coalition" would make a dent in Iran's stubborn nationalism. With volatile President Mahmoud Ahmadinejad at Iran's helm, it's unlikely that even that would change Iran's nuclear policy.
Labels: economy, Iran, nuclear, sanctions, United Nations, US, US-Iran talks



