Iran’s minister of industry, mines and business, Mohammad Shariatmadari, announced on Saturday that his country will soon cease to import 1,339 items in order to ‘protect domestic producers and manage the outflow of currency’.

This comes as the country expects a fresh wave of US sanctions following the US withdrawal from the nuclear deal on May 9.

Last month, US Secretary of State Mike Pompeo promised the Islamic Republic of Iran will face ‘unprecedented sanctions if it does not stop its ‘nuclear program and regional adventurism’.

Several multinational companies – such as the French oil giant Total, world’s largest container shipping company Maersk and multinational airplane producers Airbus and Boeing – have suspended its operations in Iran since the US President Donal Trump decided to withdraw from the nuclear deal.

In order to restrict demand for US dollars, the Iranian government imposed bans on ‘unnecessary and lucrative’ items that can be bought from local producers. Those include clothes, sugar, cars, shoes, makeup and pharmaceuticals.

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jmNZ

I would have thought Russia and China can supply all the imports Iran may need, from medicines to airplanes.
America is just shooting itself in the foot.

Daeshbags Sux
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Daeshbags Sux

USA is the main source of revenues for China. I don’t think they’ll be willing to compromise it for some pocket money which Yanks will make becoming zero if not negative by sanctioning Chinese companies trading with Iran! You don’t seem to get how US sanctions work… Let’s say your company will make $1B benefit in Iran and in //, makes $10B in the USA, then gets a $3bln fine for trading with Iran, ouch! And it may not only be your company but also sister/daughter companies to yours… The BNP-Paribas French bank received a $9B+ fine for $3B trades… Read more »