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WASHINGTON (Reuters) – Treasury Secretary Janet Yellen stated on Thursday america was methods to strengthen its sanctions in opposition to Iran, however acknowledged the sanctions had not resulted within the behavioral or coverage modifications Washington needs from Tehran.
That is from David Lander and Kanishka Singh, “Yellen: Iran’s Actions Not Impacted by Sanctions to the Extent US Would Like,” March 23, 2023.
Lander and Singh proceed:
“Our sanctions on Iran have created actual financial disaster within the nation, and Iran is drastically struggling economically due to the sanctions … Has that pressured a change in conduct? The reply is way lower than we might ideally like,” Yellen instructed lawmakers in a listening to on Thursday.
Dave DeCamp writes:
Historical past reveals that sanctions do little to vary the governments they aim however at all times harm bizarre individuals within the focused nation. For instance, UN specialists stated final month that extra Iranians are dying from thalassemia, a congenital blood dysfunction, as a result of Western sanctions that deprive them of specialised medicines and the substances to make them.
Regardless of the failed coverage in Iran, Yellen stated the US was searching for methods to strengthen the sanctions much more. The Biden administration has adopted the Trump administration’s so-called “most stress marketing campaign” in opposition to Iran and has imposed a lot of new sanctions.
That is from Dave DeCamp, “Yellen Says US Sanctions Have Created a ‘Actual Financial Disaster’ in Iran,” Antiwar.com, March 26, 2023.
DeCamp is correct to state, “Historical past reveals that sanctions do little to vary the governments they aim however at all times harm bizarre individuals within the focused nation.” That’s the approximate backside line of Kimberly Ann Elliott, Gary Clyde, Hufbauer, and Barbara Oegg, “Sanctions,” in David R. Henderson, ed., The Concise Encyclopedia of Economics. I’ve additionally written about sanctions right here.
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