Iran Sanctions Kenneth Katzman Specialist in Middle Eastern Affairs Updated November 15, 2019 Congressional Research Service 7-.... www.crs.gov RS20871 SUMMARY RS20871 Iran Sanctions November 15, 2019 Successive Administrations have used economic sanctions to try to change Iran’s behavior. U.S. sanctions, including “secondary sanctions” on firms that conduct certain Kenneth Katzman transactions with Iran, have adversely affected Iran’s economy but have had little Specialist in Middle observable effect on Iran’s pursuit of core strategic objectives such as its support for Eastern Affairs regional armed factions and its development of ballistic and cruise missiles.
[email protected] For a copy of the full report, During 2012-2015, when the global community was relatively united in pressuring Iran, please call 7-.... or visit Iran’s economy shrank as its crude oil exports fell by more than 50%, and Iran had www.crs.gov. limited ability to utilize its $120 billion in assets held abroad. Iran accepted the 2015 multilateral nuclear accord (Joint Comprehensive Plan of Action, JCPOA), which 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.