Iran Sanctions

Abstract

There appears to be a growing international consensus to adopt progressively strict economic sanctions against Iran to try to compel it to compromise on its further nuclear development. Measures adopted in 2010 by the United Nations Security Council, the European Union, and several other countries complement the numerous U.S. laws and regulations that have long sought to try to slow Iran's weapons of mass destruction (WMD) programs and curb its support for militant groups. The U.S. view-increasingly shared by major allies-is that sanctions should target Iran's energy sector that provides about 80% of government revenues. U.S. efforts to curb international energy investment in Iran's energy sector began in 1996 with the Iran Sanctions Act (ISA), a U.S. law that authorized the imposition of U.S. penalties against foreign companies that invest in Iran's energy sector. ISA represented a U.S. effort, which is now broadening, to persuade foreign firms to choose between the Iranian market and the much larger U.S. market.

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Document Details

Document Type
Technical Report
Publication Date
Sep 09, 2010
Accession Number
ADA529692

Entities

People

  • Kenneth Katzman

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  • Library of Congress

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  • Government Contracting/Procurement.
  • Nuclear Non-Proliferation and International Security