Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say

Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say
Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say

The Trump administration hopes the sweeping sanctions it has imposed on Iran’s oil, shipping and banking industries will cripple its economy and force it to negotiate a new nuclear deal.

 

Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say
Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say

 

But analysts point out that while such economic penalties can be persuasive, there are also ways to circumvent them.

“There will always be both overt and covert activities to work around sanctions, to dodge sanctions or evade them,” says Dan Wager, a global sanctions expert at the consulting firm LexisNexis Risk Solutions. “That’s something that’s gone on for a very long time.”

Iran endured global sanctions for years until 2016, when an agreement with the U.S. and other world powers gave the country economic relief in exchange for limiting Tehran’s nuclear program. President Trump unilaterally pulled out of that multination deal and placed a raft of U.S. sanctions back on Iran.

Wager says many of the techniques to skirt sanctions are also used for money laundering, including the use of shell companies, freight forwarding companies or other intermediaries to hide the origin or destination of goods. He points to Iran’s efforts to procure aircraft parts and components — something Iran critically needs to keep its aging airplanes working.

“There’s a vast network of individuals who are out there that will go to a company that provides aircraft components, engine parts, landing gear parts, avionics and electronics, and they will procure them and represent that those goods are being shipped to and paid for by someone in a country where it is allowed,” he says. “Once the goods are shipped to there, they are further transshipped onward to Iran.”

 

Read more: NPR

Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights

 

 

Latest news
Related news