Daily Management Review

Trump Warns Firms And Trading Partners Over Iran Sanctions


08/08/2018




Trump Warns Firms And Trading Partners Over Iran Sanctions
After the re-imposition of sanctions against Iran, a stern warning was issued by US president Donald Trump over the issue of anyone doing any business with Tehr4an.
 
"Anyone doing business with Iran will NOT be doing business with the United States," the president tweeted.
 
While some of the new sanctions became applicable overnight, the more tougher ones is expected to be imposed by the trump administration starting November.
  
The measures were "psychological warfare" which aimed to "sow division among Iranians", said Iran’s president .
 
Earlier this year, Trump had taken the US out of the multiparty treaty with Iran called the Joint Comprehensive Plan of Action or the Iran nuclear deal as is popularly known.
 
According to the deal, Iran was supposed to curb its nuclear program in exchange for lifting of sanctions against it. the deal was struck in 2015 during the presidency of Barrack Obama and has other world powers like the European Union. Russia and China.
 
The deal has been criticized by Trump on numerous occasions calling the it "one-sided", "disastrous" and the "worst I've ever seen". He is of the opinion that Iran would be forced to accept a new deal because of renewed and sustained economic pressure.
 
The sanctions have bene criticized by the European Union, which has maintained its commitment to the deal. The EU has also set in motion measures to protect European firms from the Iran sanctions. the EU has called the business of European firms with Iran as "legitimate business".
 
 Trump also tweeted that the sanctions were the "most biting sanctions ever imposed" and added that the sanctions would "ratchet up to another level" in November.
 
"I am asking for WORLD PEACE, nothing less!" he said.
 
Iran had the choice to "either change its threatening, destabilising behaviour and reintegrate with the global economy, or continue down a path of economic isolation", Trump had said on Monday,
 
"I remain open to reaching a more comprehensive deal that addresses the full range of the regime's malign activities, including its ballistic missile programme and its support for terrorism," he said.
 
The second round of sanctions that have been planned to take effect from November 5 would be primarily targeted at the Iranian oil industry and its and shipping sectors, additionally focus would also remain on the petroleum trading and transactions by foreign financial institutions with the Central Bank of Iran in the next sanctions.
 
The US government had "turned their back on diplomacy", said Iranian President Hassan Rouhani.
 
"They want to launch psychological warfare against the Iranian nation." he said. "Negotiations with sanctions doesn't make sense. We are always in favour of diplomacy and talks... but talks need honesty."
 
(Source:www.bbc.com)






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