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Sanctions Against IRGC Aim to Deter Int’l Investors

Sanctions Against IRGC Aim to Deter Int’l InvestorsSanctions Against IRGC Aim to Deter Int’l Investors

A lawmaker said the new sanctions imposed by the US against Islamic Revolution Guards Corps have been designed to deter potential international investors.

Hadi Qavami added that “undermining the economic sector is the main target of the new US sanctions”, calling on government officials to devise their economic policies based on the principle of Resistance Economy, a series of measures to make Iran’s economy more self-sufficient, ICANA reported on Sunday.

On Oct. 31, the US Department of Treasury’s Office of Foreign Assets Control imposed additional sanctions on individuals and companies linked to IRGC after the US House of Representatives had passed new sanctions in response to Iran’s ballistic missile program on Oct. 25.

The new sanctions are in line with US President Donald Trump’s new strategy on Iran unveiled in mid-October, as part of which he refused to certify that Tehran was complying with the terms of the 2015 nuclear accord, despite UN nuclear watchdog’s repeated confirmation of Iran’s adherence to its obligations.

Qavami said the US wants to block Iran’s progress and the sanctions are a tool to create uncertainty regarding Iran’s economy.

 

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