What Sanctions has the US put on Iran?

Over the years the US has put many sanctions on Iran for various reasons. The list of sanctions and the years they were imposed are given below.

1. The first sanctions were imposed in 1979 by the US after the hostage crisis of the US embassy in Tehran.
2. The second sanctions were imposed in 1987 because of Iran’s actions against US shipping vessels in Persian Gulf.
3. The third sanctions were imposed in 2006 as Iran failed to comply with the United Nations Security Council (UNSC) resolution which demanded a halt on Iran’s nuclear enrichment program.
4. The fourth sanctions were imposed on Iran by the US in 2018, due to terrorist activities of Iran and development of ballistic missiles.

Aspirants would find this topic very helpful in the IAS Exam.

What Does US Sanctions Mean?

US Sanctions mean there would trade barriers, tariffs and restrictions on financial transactions of various entities in Iran. They would not be able to carry out trade or have any kind of cooperation with entities from other countries. The following industries or segments of Iran were sanctioned by the US.

1. Banking industry
2. Shipping industry
3. Insurance industry
4. Energy/Petroleum Industry
5. Nuclear Industry
6. International trade
7. Missile/Arms industry
8. Islamic Revolutionary Guard Corps.

Which Countries are Sanctioned by the US?

As of 2019, the following countries have been facing US sanctions.

1. Iran
2. Cuba
3. Venezuela
4. Syria
5. North Korea
6. Sudan

As of 2019, persons from the following countries have been facing US sanctions.

1. Russia
2. China
3. Iraq
4. Congo
5. Libya
6. Myanmar
7. Somalia

Overall persons from 23 countries are facing US sanctions.

What are the 4 types of Sanctions?

The 4 types of sanctions are listed below.

1. Economic Sanction – It is ban on trade of energy, food, medicines, financial transactions etc. An example would be US sanction on Iran.
2. International Sanction – It is sanction imposed by a group of countries on a particular nation
3. Sanctions (law) – It is something that is imposed by Courts.
4. Pragmatic Sanction – These were kind of sanctions imposed by kings in the ancient and medieval ages.

The above details would help candidates prepare for UPSC 2020.

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