Sanctions, What Are They Good For?

In Saner Thought

I see that Donald the Orange has once again used his favorite tool for international situations….sanctions.

This time it is sanctions used against Iran….again.

The US slapped new sanctions on Iran’s financial sector on Thursday in an attempt to further isolate the Islamic Republic’s economy. The new measures target 18 Iranian banks and subjects foreign, non-Iranian institutions to penalties for doing business with them.

“Today’s action to identify the financial sector and sanction 18 major Iranian banks reflects our commitment to stop illicit access to US dollars,” US Treasury Secretary Steven Mnuchin said in a statement.

The move comes after Washington’s European allies have been warning of the humanitarian consequences sanctions can have on Iran. The country is already facing an economic crisis due to previous US sanctions, which has been exacerbated by the coronavirus pandemic.

European countries have been at odds with the Trump administration over its…

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