Islamic Republic Tests Old And New Tactics To Evade Sanctions

Discussion in 'Iran' started by Disir, Jul 5, 2018.

  1. Disir
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    Disir Gold Member

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    While the shadow of renewed sanctions loom over Tehran and Iran’s oil production is expected to experience a dramatic downfall this November, Tehran has been testing the waters for tactics to circumvent sanctions.

    One of these tactics has already failed before Tehran’s first step, while another, which was tried out previously has left a bitter legacy of corruption, money laundering and criminal charges.

    President Donald Trump pulled the United States out of the nuclear deal with Iran in May and moved to reinstate economic sanctions against Tehran. U.S. officials also warned that other nations would face sanctions unless they stopped doing business with Iran.

    The circumvention tactic that failed before launch was disclosed as Comoros scrapped over 100 passports sold to Iranians most probably intended to be used for evading impending banking sanctions.

    Reuters reported on June 29 that “more than 100 of 155 people who had their Comoros passports cancelled in January were Iranians. They included senior executives of companies working in shipping, oil and gas, foreign currency and precious metals – all sectors that have been targeted by international sanctions on Iran. Some had bought more than one Comoros passport.”

    On July 1, Vice-President Es’haq Jahangiri announced that Iran will allow private companies to export crude oil to help beat U.S. sanctions.

    "Iranian crude will be offered on the bourse and the private sector can export it," Jahangiri said in remarks about looming U.S. sanctions, carried live on state television, adding an explicit threat to Tehran’s competitors in the international oil market, "Anyone trying to take away Iran's oil market (share) would be committing great treachery against Iran and will one day pay for it."
    Islamic Republic Tests Old And New Tactics To Evade Sanctions

    It's not looking good.
     

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