Photo: Omar Sanadiki / Reuters
The economy of Iran, which is under pressure due to US sanctions, low oil prices and pandemics coronavirus, lost access to food, medicines and money to the fault of Washington, writes Reuters.
Despite the fact that the supply of products in fact are not subject to American restrictions, the whole country is difficult to buy food. Banks and governments are reluctant to take Iranian money, for fear of accidentally disturb the introduced American party sanctions. This can result in huge fines and cause the termination of cooperation with the United States.
Another problem is that because of the sanctions portion of the proceeds from the sale of Iranian oil in the period from 2016 to 2018, the money was frozen. International banks are afraid to release funds without special permission from Washington.
Besides the difficulties with food supplies, Iran was forced to reduce the import of corn from Brazil. Brazilian sellers are difficult to find banks willing to work with transactions from Iran. “Because of the hostile policy of the United States, we must reduce imports,” said Mehdi Ansari, head of Iranian companies in the grain trade, Tejari Ansari Group.
In 2018, the US unilaterally withdrew from the Iranian nuclear program and imposed sanctions against Tehran. The US administration has stated the need to reduce imports of Iranian oil to zero, and to impose sanctions against the country. In July, Iranian authorities said they wanted to create a new club for countries affected by US sanctions, which included China and Russia.
Video, photo All from Russia.