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US President Imposes New Sanctions Against Iranian Steel Industry

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The new restrictive measures provide for the blocking in the United States of the assets of persons related to the metallurgical production in Iran.

US President Imposes New Sanctions Against Iranian Steel Industry

America has introduced a new package of sanctions against the metallurgical and mining sectors of the Iranian economy. Most of the sanctions will affect the owners, producers and suppliers of metals. With the probable possibility of blocking their assets in the American jurisdiction.

The purpose of the sanctions is to limit the profits of this area of ​​the economy, namely the export of steel, aluminum, copper, iron. The United States believes that these revenues can finance the proliferation of weapons of mass destruction, the development of terrorist units, etc.

The disagreements of both parties on the fulfillment of the obligations of the nuclear deal served this precedent. Donald Trump has advised that Iran expects further steps, if the expected changes do not follow, and the restoration of agreements. The American leader's tactics may be a warning to European business. Since it affects the mechanisms of settlements between third parties.

The state of Iran has notified the ambassadors of the countries that are members of the JCPOA (Joint Comprehensive Action Plan) to suspend the implementation of some agreements for a period of 60 days. On May 8, America announced its withdrawal from this community.

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