Comparing the economies of Russia and Iran, it is reasonable to assume that Russia will endure its financial war.
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All tagged Treasury Department
Comparing the economies of Russia and Iran, it is reasonable to assume that Russia will endure its financial war.
For the first time in 60 years, Iran has requested a loan from the International Monetary Fund (IMF), seeking emergency financing to support its efforts to combat COVID-19. If the IMF fails to provide Iran financial assistance that it makes available to countries in similar situations, the fund’s reputation will take a hit, as the fact of effective American control over its operations is laid bare.
◢ The Treasury Department has announced that it will operationalize a financial channel to facilitate humanitarian trade with Iran, after privately acknowledging to European officials that recent sanctions imposed on the Central Bank of Iran (CBI) risked encumbering trade in food and medicine. But the new channel may cause more problems than it solves.
◢ The Trump administration has imposed successive rounds of economic sanctions targeting nearly all productive sectors of Iran’s economy. But a new wave of restrictive measures now under consideration would have the practical effect of totally severing Iran’s economy from Europe, critically undermining humanitarian trade with Iran.
