NIAC Statement on Trump Administration’s Latest Sanctions on Iran
“President Trump’s recent sanctions designations appear duplicative at first glance, but in fact will likely eviscerate humanitarian trade with Iran that had already been sharply reduced following the U.S. exit from the nuclear deal. The Central Bank of Iran (CBI) had continued to play a major role in existing humanitarian trade with Iran, despite its prior designation, due to preexisting exemptions set down by Congress and the prior administration.”