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Economic Sanctions on Iran


Sanctions; In a nutshell
Sanctions are basically threatened penalty for disobeying a law or rule. Sanctions can be applied to any country, any organisation or any individual whenever they try to violate the international laws,rules and regulations. The purpose of implementing sanctions is to ensure international peace, security and solidarity.
Sanctions can be imposed by the UN Security Council, the European Union (UN) and individual states. whenever an individual state wants to impose sanctions, it can and there is no need to take permission from the UN Security Council or the European Union.

Economic Sanctions on Iran
The first ever sanctions on Iran imposed by the United States in November 1979 after a group of radical students attacked the US embassy in Tehran and arrested the embassy officials. Then the US authority made sanctions by executive order 12170 and seized about $12 billion Iranian assets including bank deposits, gold and other properties.

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