No short-term remedy to Iran’s economic challenges: Cyrus Bina
Kourosh Ziabari - Asia Times: Iran’s economy has never been more vulnerable and fragile. Last month, President Hassan Rouhani complained that the United States has been waging an “economic warfare” against Iran by slapping sanctions on the country’s energy, finance, banking, industrial and shipping sectors. In a bid to isolate Iran further, amputate the remaining ties between its financial institutions and the global banking system and prohibit the access of the government in Tehran to much-needed hard currency, the United States on Thursday introduced a new set of sweeping sanctions targeting 18 Iranian banks that were not previously targeted with punitive measures. Cyrus Bina is a distinguished research professor of...
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