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US Sanctions Hit Two of Iran's Top Non-Energy Exports


Friday, 10 May 2019 23:42 WIB

Global


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New U.S. sanctions targeting Iranian industrial metals will hit two of the country's most lucrative non-energy exports, according to Iranian government data seen by VOA Persian.

President Donald Trump signed an executive order Wednesday, seeking to deny Iran revenue from its exports of iron, steel, aluminum and copper. The measure blocks the assets of people involved in producing those metals inside Iran. It also authorizes sanctions against foreign financial institutions that sell goods and services to Iran to help it produce or export those metals.

An Iranian government trade report for the Persian year that ended March 20 shows iron, cast iron and steel were the nation’s fourth-biggest non-energy export, Iron and steel accounted for 8% of Iran’s exports.

Source : VOA


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