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Political analyst: $ 320 billion will be lost by Iran annually as a direct result of US sanctions
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The complete paralysis of the Iranian economy is what America seeks to punish the Iranian regime for its hostile policies towards the world and its support of extremist regimes and groups in order to destabilize the Middle East.
The United States not only imposed a first package of sanctions on August 7 but would follow a package that would begin in the harshest and most painful hours, affecting the country's oil-dependent economy as its main source of national income.
"The impact of the new sanctions package will be catastrophic for the Iranian economy, especially the sensitive sectors that generate Iran's biggest income - the banking, ports, shipbuilding, power and condensate sectors - where the sanctions will take the heart of the Iranian economy," said Mohamed Mohsen Abulnour, president of the Arab Forum for Policy Analysis. Iran
dependsOn oil ports and exports at a rate of 85% of its economy - according to Aboulnour - of the macroeconomic volume of 425 billion dollars, meaning that Iran will lose 320 billion dollars annually as a direct result of the sanctions.
He said that these revenues, which would deprive them of Iran was a huge money to help them spend generously on extremist groups.
The new sanctions package targets Iranian port operators, shipping and shipbuilding sectors, including Iranian shipping lines, South Shipping Line and its subsidiaries.
Washington will impose a ban on oil - related transactions with Iranian oil companies such as "Oil Company Iran, Including the purchase of oil, petroleum products and petrochemical products from Iran. It will also include transactions by foreign financial institutions with the Central Bank of Iran and Iranian financial institutions, including sanctions on the provision of specialized financial services to the Central Bank Iranian Iranian financial institutions identified in the comprehensive penal code, and the withdrawal of Iranian investments in 2010.
According to Agence France - 24 news that the new sanctions will not only come on the run - down economy, as these procedures can receive a lot of weight Li Iranian economy, especially as the national currency, the riyal, arrived recently to its lowest level against the dollar in the parallel market.
The Iranian rial fell to its lowest level against the dollar to reach 100 thousand riyals against the dollar amid growing economic crisis.
As of 4:01 pm on Tuesday, the government of Iran would not be able to buy US banknotes, and broad sanctions would be imposed on Iranian industries, including carpet exports , the agency said .
The Iranians, who have been facing inflation for many years, are afraid of further price rises in the coming days. As their currency recedes, they resort to the dollar as a safe way to keep their savings, or as an opportunity to invest if the riyal continues to fall.
The United States not only imposed a first package of sanctions on August 7 but would follow a package that would begin in the harshest and most painful hours, affecting the country's oil-dependent economy as its main source of national income.
"The impact of the new sanctions package will be catastrophic for the Iranian economy, especially the sensitive sectors that generate Iran's biggest income - the banking, ports, shipbuilding, power and condensate sectors - where the sanctions will take the heart of the Iranian economy," said Mohamed Mohsen Abulnour, president of the Arab Forum for Policy Analysis. Iran
dependsOn oil ports and exports at a rate of 85% of its economy - according to Aboulnour - of the macroeconomic volume of 425 billion dollars, meaning that Iran will lose 320 billion dollars annually as a direct result of the sanctions.
He said that these revenues, which would deprive them of Iran was a huge money to help them spend generously on extremist groups.
The new sanctions package targets Iranian port operators, shipping and shipbuilding sectors, including Iranian shipping lines, South Shipping Line and its subsidiaries.
Washington will impose a ban on oil - related transactions with Iranian oil companies such as "Oil Company Iran, Including the purchase of oil, petroleum products and petrochemical products from Iran. It will also include transactions by foreign financial institutions with the Central Bank of Iran and Iranian financial institutions, including sanctions on the provision of specialized financial services to the Central Bank Iranian Iranian financial institutions identified in the comprehensive penal code, and the withdrawal of Iranian investments in 2010.
According to Agence France - 24 news that the new sanctions will not only come on the run - down economy, as these procedures can receive a lot of weight Li Iranian economy, especially as the national currency, the riyal, arrived recently to its lowest level against the dollar in the parallel market.
The Iranian rial fell to its lowest level against the dollar to reach 100 thousand riyals against the dollar amid growing economic crisis.
As of 4:01 pm on Tuesday, the government of Iran would not be able to buy US banknotes, and broad sanctions would be imposed on Iranian industries, including carpet exports , the agency said .
The Iranians, who have been facing inflation for many years, are afraid of further price rises in the coming days. As their currency recedes, they resort to the dollar as a safe way to keep their savings, or as an opportunity to invest if the riyal continues to fall.
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