June 29, 2022

Market and Financial News

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Iran’s Master Class in Evading Sanctions

1 min read

The most important resource Tehran can share with Moscow is expertise in evading Western sanctions. Iran’s clerical regime reportedly is talking with the Kremlin about working together to get around the restrictions they both face. If the U.S. and its allies want to limit this sort of cooperation, they should learn from the mistakes they made while employing sanctions to prevent Iran from acquiring nuclear weapons.

Iran’s sanctions-evasion techniques are sophisticated and sweeping. The Journal reported last month that Tehran has developed a “clandestine banking and finance system to handle tens of billions of dollars in annual trade banned under U.S.-led sanctions.”



2022-04-05 13:09:00

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