On November 5, the United States is preparing to re-impose a second package of sanctions against Iran aimed at vital sectors of the Iranian economy as part of a US strategy to paralyze the regime's ability to continue destabilizing the Middle East.
US President Donald Trump announced last May that the United States would withdraw from the nuclear deal signed in 2015 between Tehran and the world powers, which was aimed at curbing Tehran's nuclear capabilities, and decided to re-impose sanctions suspended under the deal.
After re-imposing a first package of sanctions on August 6, the second package, seen as the most painful of the Iranian economy, includes the following:
- Iranian port operators, shipping and shipbuilding sectors, including Iranian shipping lines, South Shipping Line and its subsidiaries.
- Oil-related transactions with national Iranian oil companies, Iran's oil company for commercial exchange, and the Iranian National Tanker Company, including the purchase of oil and petroleum products or petrochemical products from Iran.
- Transactions by foreign financial institutions with the Central Bank of Iran and Iranian financial institutions renewed under Article 1245 of the National Defense Authorization Act of FY12, including sanctions on the provision of specialized financial services services to the Central Bank of Iran and the Iranian financial institutions set out in the Comprehensive Penal Code, Iran for the year 2010.
- Insurance or reinsurance services.
- Iranian Energy Sector.
- Withdrawal of the authorization granted to foreign entities owned or controlled by the United States in order to terminate certain activities with the Iranian government or persons under the jurisdiction of the Iranian Government.
Re-impose sanctions applicable to persons who have been removed from the list of sanctions or other relevant lists of the US government.
Those with activities under the sanctions chamber should take the necessary steps to reduce those activities by November 4, in order to avoid being sanctioned or prosecuted by US law.
The first package of sanctions, re-imposed last August, targeted the Iranian auto sector and the banking sector, including dealing with the Iranian riyal and Iranian bonds.
The sanctions also included the sale and purchase of iron and steel and aluminum, the withdrawal of licenses for commercial aircraft operations, and the punishment of the Iranian industrial sector in general, including the Iranian carpet sector.
