UK brutal sanctions on Iran (Part 1)

Britain’s brutal sanctions on Iran dates back to 1951 when the then Iranian Prime Minister Mohammad Mossadegh nationalized Iran’s oil industry which was at that time under full AIOC, now known as British Petroleum’s (BP), administration.

Britain, which for long have sought to get back what they deemed was rightfully theirs, sanctioned Iran economically over the nationalization of oil industry and even threaten Iran with war.

The UK’s sanctions on Iran, including prohibitions on the import and purchase of its crude oil, not only led to difficulties at the international scale, but also pressured innocent ordinary people in the country, making them suffer from high costs and inflation rates.

But even the sanction could not put an end to the UK’s greed over Iran’s national resources. The country’s hostility against Iran finally led to a coup d’état plan and the overthrow of Mossadegh’s government with the help of the US.

Britain’s sanctions on Iran are not limited to those of past times. At the beginning of 2007, the European Union (EU) member states, including Britain, have imposed new sanctions on Iran as part of global efforts to step up pressure against the country’s peaceful nuclear activities.

The measures involve the freezing of funds and economic resources of designated persons; restrictions on transfers of funds to and from an Iranian person, entity or body; vigilance over activities with Iranian banks; dealing with the Iranian banking sector; restrictions on Iran’s access to the EU’s insurance and reinsurance markets, restrictions on the provision of insurance and restrictions on financing certain Iranian enterprises and prohibitions on EU credit and financial institutions transferring funds to or from Iranian banks.

The extensive trade and financial sanctions imposed on Iran as a result of British foreign policy include:

-an arms embargo and a prohibition on the supply of equipment

-prohibitions on the sale, supply, transfer, import, transport or export of dual-use goods and technology

-prohibitions on the provision of brokering services and technical and financial assistance related to any goods and technology whose supply is prohibited; prohibitions on investment in Iranian entities engaged in manufacturing those items

-prohibitions on the sale, supply, transfer or export of key equipment and technology for the oil and gas industry

-prohibitions on investment in Iranian entities or bodies engaged in the exploration or production of crude oil and natural gas, the refining of fuels or the liquefaction of natural gas

-prohibitions on any new investment in the petrochemical sector in Iran or in Iranian or Iranian-owned enterprises engaged in that industry outside Iran

-prohibitions on the sale, supply, transfer or export to, and the purchase, import or transfer from Iran of gold, precious metals and diamonds. Also, the sale, supply, transfer or export of unissued or newly minted Iranian bank notes and coins to or for the benefit of the Central Bank of Iran

-prohibition on the export of materials relevant to Iran’s nuclear program.

-prohibition on the sale or supply of key naval equipment and technology for ship-building, maintenance or refit.

-ban on the import of natural gas from Iran into the EU. This concerns the import, purchase and transport of gas as well as finance and insurance related to these activities

-asset freezes against listed individuals and entities and a prohibition of making economic resources available to them

-restrictions on transfers of funds to and from Iran, and restrictions on Iran’s access to the insurance and bond markets

-restrictions on providing certain services on Iranian ships and cargo aircraft

-prohibition on the supply of vessels designed for the transport or storage of oil and petrochemical products. Participation in the construction of new oil tankers for Iran or for Iranian persons or entities is also prohibited. There is also a ban on flagging and classification services for Iranian oil tankers and vessels.

-prohibitions on the import, purchase or transport to EU member states from Iran of crude oil or petroleum products

By Press TV


The Iran Project is not responsible for the content of quoted articles.