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Twelve Major Consequences Of Sanctions on Iran

Seyed Hossein Mousavian reviews the futility of the US sanctions policy to affect Iran’s nuclear program or change its relationship with Iran for the better.
Iranian President Mahmoud Ahmadinejad visits the Natanz nuclear enrichment facility, 350 km (217 miles) south of Tehran, April 8, 2008. Iran has begun installing 6,000 new centrifuges at its uranium enrichment plant, Ahmadinejad said on Tuesday, defying the West which fears Tehran is trying to build nuclear bombs. Picture taken on April 8, 2008. REUTERS/Presidential official website/Handout (IRAN).  FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. - RTR1Z9PX
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Sanctions, whether unilateral or multilateral, have been the United States' core policy on Iran since the 1979 revolution. President Barack Obama entered office confirming that he intended to pursue a policy of engagement with Tehran. During his tenure, however, the United States has orchestrated its harshest sanctions to date against Iran.

Sanctions have slowed Iran’s industrial and economic growth, considerably limited foreign investment and triggered national currency devaluation, hyperinflation, declining GDP and, last but not least, reduction of oil and gas production and export. Mahmoud Bahmani, governor of the Central Bank of Iran, described the seriousness of the effects of sanctions as "no less than a military war.” Even President Mahmoud Ahmadinejad, who once asserted that the sanctions were viewed as "the most ridiculous behavior," now admits that sanctions have taken their toll on Iran’s economy.

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