Repeating Bans Against CBI Shows US Lack of Anti-Iran Options

Hemmati said today that re-imposing sanctions on Central Bank of Iran indicates that US hands are empty and no other leverage is left for Washington.

If such measures were effective to impose cruel demands of the US administration. the economic conditions of the country would have been different now. he added.

The US administration has been driven to failure over the past year. and it shows that sanctions have become more ineffective than any time and Iranian economy has proved its tolerance against sanctions. Hemmati highlighted.

CBI`s success and stability in the market show that fortunately trade and financial transactions are being accomplished through ways which cannot be subject to the US sanctions. he noted.

Fortunately. we have passed the era of circumventing sanctions so that foreign trade can no longer be sanctioned. he stressed.

The US Department of the Treasury announced in a press release on Friday that its Office of Foreign Assets Control (OFAC) had taken action against the CBI. the National Development Fund of Iran (NDF). and Etemad Tejarate Pars Co. under its counterterrorism authority.

Addressing reporters at the White House on Friday. US President Donald Trump said the new sanctions represent the highest sanctions ever imposed on a foreign country.

Iran sanctions architect under former President Barack Obama. Richard Nephew. derided the new embargos against Tehran. underlining that Washington is unable to increase its pressures against the Islamic Republic as the White House has already exhausted all of its options.

He ridiculed Trump’s claim for unprecedentedness of the sanctions. adding. This is even odder. Did we designate the IRGC today? Oh wow. man. that would be a BIG step…if we hadn`t done it over a decade ago. And CBI too? Wow. I mean. if that wasn`t part of the FY12 NDAA.

Practically. I`m struggling to see how this meaningfully adds to the pressure already in place. Nephew wrote in a sarcastic tweet.

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