Iran’s Impasse and the “Sanctions Black Hole”

https://practicalpoliticking.com/2017/06/20/irans-impasse-and-the-sanctions-black-hole/

Iran’s Impasse and the “Sanctions Black Hole”

MaryamRajavi Iran FreeIran PMOI MEK,

The adoption of “Countering Iran’s Destabilizing Activities Act of 2017” by the United States Senate has rendered a variety of reactions from Iran resembling the terrified status of the regime’s senior ranks. Iranian media have widely referred to this new bill and the resulting authorizations as the “mother of all sanctions” and the “sanctions black hole.”

“Section 5 of this bill is related to new sanctions against the Revolutionary Guards (IRGC). This new bill is dubbed the ‘sanctions black hole’ considering the fact that based on Executive Order 13224, any individual providing services to an identified organization in this Executive Order, that individual or his/her entity will be placed on the US sanctions list or the SDN… with the adoption and implementation of this bill, we can forecast that a few thousand individuals will be placed in the SDN sanctions list…,” according to IRGC-affiliated semi-official Fars news agency.

Based on the articles of this new bill, any individual or entity in cooperation with the IRGC will be sanctioned. Iran’s concerns are not over the mere military aspect of the IRGC sanctions, as the economic impact is of grave importance.

For decades the IRGC has monopolized most of Iran’s economy – extracting oil, taking over a large percentage of Iran’s imports/exports and a number of airliners. As a result, these new sanctions bear the potential to literally paralyze Tehran’s entire economy. From the mullahs’ perspective, the new sanctions will be imposing economic suffocation and regime experts believe these new measures enjoy a far broader reach than the pre-Iran nuclear deal sanctions.