Erdan Yalcin, professor of economics at the University of Applied Sciences in Constance, looks at what impact fresh US sanctions against Iran is expected to have. He believes such punitive measures make little sense.
The EU has been leading the efforts to salvage the nuclear deal with Iran following the US withdrawal from the international agreement. But the threat of imminent US sanctions is already having an impact on Iranians.
As US sanctions on Iran are set to resume, Iranian President Rouhani is visiting Europe in a bid to keep his country from economic isolation. But the ability of EU partners to make a difference remains questionable.
The US secretary of state is pressing the European Union to economically isolate Iran. Mike Pompeo alleges that the country uses funds to foment instability in the Middle East — and beyond.
The EU has drafted business safeguards to salvage the Iran nuclear deal, including prohibiting firms from complying with US sanctions and sending money to Iran's central bank. Experts doubt such efforts will be enough.
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