Wall Street Journal”: An American tendency to tighten sanctions on Iran as the Vienna talks falter

monitor WashingtonThe New ArabDecember 09 2021

Sanctions may include petrochemical companies and private banks in the UAE (AFP)

The American newspaper, “The Wall Street Journal, ” revealed that the administration of US President Joe Biden is moving to tighten the application of sanctions on Iran , in the first indication of Washington’s increasing economic pressure on Tehran with the faltering diplomatic efforts in the Vienna negotiations .

According to the US State Department, the head of the Office of Foreign Assets Control at the Treasury Department, Andre Jacques, will visit on Monday the UAE, Iran’s second largest trading partner, and its channel for commercial and financial transactions with other countries.https://58af928fc58d81246ea8210cfa6dfa91.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

US officials will meet with petrochemical companies and other companies and private banks in the UAE, which handle billions of dollars of trade with Iran. The newspaper quoted a senior official as saying that they would warn the UAE that Washington knows “about transactions that do not comply with the sanctions”, and that these banks and companies will face extreme risks if they continue to violate the sanctions.

Officials suggested that the visit might be followed by sanctions on Emirati and other companies.Arabic reports

Tahnoun bin Zayed in Tehran: Efforts to open a new page

The US move comes at a time when the prospects for restoring the nuclear deal are increasingly slim. Negotiations are continuing to revive the agreement in Vienna, today, Thursday, between Iran, Russia, China, Britain, France and Germany, although the US delegation will not head to Vienna before the end of the week.

According to US officials, if there is no progress in the nuclear talks, the delegation’s visit to the UAE could be the first, among several visits to other countries, to tighten economic pressure on Iran and reduce its ability to evade the sanctions imposed by the Trump administration.
This may include efforts to tighten corporate compliance with sanctions in Malaysia, Turkey and China, Iran’s number one trading partner. The officials added that the United States is also working closely with financial firms in Japan and South Korea to track illegal Iranian trade.

The newspaper believes that the decision to start implementing tougher sanctions through the UAE partly reflects the role that Emirati companies play in trade with Iran, as well as Washington’s intention to avoid a clash with China, Iran’s largest trading partner and the first importer of Iranian oil .Arab economy

The UAE supports Iran with money and trade: a lifeline from sanctions

According to Iranian customs officials, between March 2020 and March 2021, the UAE was the second largest non-oil exporter to Iran, with a value of $9.6 billion, and the third largest non-oil importer of Iranian goods, buying goods worth $4.6 billion.

US officials see Emirati companies as playing a key role as a conduit for financial transactions, oil sales, and others for Iranian trade with other countries, including China.

Esfandiar Batmanglij, founder of the “Burs and Bazaar” trade center, which deals with the Iranian economy, believes that China’s imports of oil coming through the UAE were significantly higher in the first months of this year than in the six months before the Trump administration ended exemptions for importing Iranian oil. to China and other countries in May 2019, and that a lot of that oil comes from Iran.

According to Batmanleg’s tweet, “Leaders in the UAE are looking forward to sudden economic gains if the Biden administration succeeds” in its efforts to return to the nuclear agreement, but it seems that they did not wait for sanctions to be lifted to start earning billions from Iran.

source https://www.alaraby.co.uk/politics/%D8%AA%D9%88%D8%AC%D9%87-%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A-%D9%84%D8%AA%D8%B4%D8%AF%D9%8A%D8%AF-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%A8%D8%A7%D8%AA-%D8%B9%D9%84%D9%89-%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D9%85%D8%B9-%D8%AA%D8%B9%D8%AB%D9%91%D8%B1-%D9%85%D8%AD%D8%A7%D8%AF%D8%AB%D8%A7%D8%AA-%D9%81%D9%8A%D9%8A%D9%86%D8%A7

Leave a Reply