Deemed the toughest, the second wave of US sanctions against Iran comes to target the financial sector, as they hit the economic transactions conducted by foreign financial institutions with the Iranian central bank and Iranian financial institutions, included in the comprehensive sanction law.
The US administration will give the companies the choice of either investing with Iran, or reaching the American market.
This new wave of sanctions could affect Iran’s financial situation, given the fact that the first batch of sanctions caused the Iranian currency’s value to drop and the inflation to increase.
Iranian experts said that the protests against the economic mismanagement of the Iranian government are expected to increase in the near future, especially with the expected rise in prices and drop in the currency’s value.
Up until now, Iran refuses to succumb and seeks alternative plans to face the sanctions.
In this regard, Supreme Leader Ayatollah Ali Khamenei said that America’s goal is to paralyze the Iranian economy, stressing however, that these measures caused further encouragement toward self-sufficiency.
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