Iran Sanctions Kenneth Katzman Specialist in Middle Eastern Affairs Updated July 12, 2019 Congressional Research Service 7-.... www.crs.gov RS20871 SUMMARY RS20871 Iran Sanctions July 12, 2019 Successive Administrations have used sanctions extensively to try to change Iran’s behavior. Sanctions have had a substantial effect on Iran’s economy but little, if any, Kenneth Katzman observable effect on Iran’s conventional defense programs or regional malign activities. Specialist in Middle During 2012-2015, when the global community was relatively united in pressuring Iran, Eastern Affairs Iran’s economy shrank as its crude oil exports fell by more than 50%, and Iran had
[email protected] limited ability to utilize its $120 billion in assets held abroad. For a copy of the full report, please call 7-.... or visit The 2015 multilateral nuclear accord (Joint Comprehensive Plan of Action, JCPOA) www.crs.gov. provided Iran broad relief through the waiving of relevant sanctions, revocation of relevant executive orders (E.O.s), and the lifting of U.N. and EU sanctions. Remaining in place were a general ban on U.S. trade with Iran and U.S. sanctions on Iran’s support for regional governments and armed factions, its human rights abuses, its efforts to acquire missile and advanced conventional weapons capabilities, and the Islamic Revolutionary Guard Corps (IRGC). Under U.N. Security Council Resolution 2231, which enshrined the JCPOA, nonbinding U.N. restrictions on Iran’s development of nuclear-capable ballistic missiles and a binding ban on its importation or exportation of arms remain in place for several years.