web analytics
July 2, 2015 / 15 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


Newest Sanctions Hit Iran’s Money, Cars

The aggressive new U.S. sanctions against Iran are targeting, for the first time, the country’s currency, the rial, and its car industry. The new measures came with new warnings of a yet more painful escalation of the sanctions still to come, as President Barack Obama is attempting to convince the Iranians to stop enriching weapons grade uranium, AFP reports.

The measures came only days before Iran’s presidential election, and they are punishment for Tehran’s refusal to cooperate in order to revive the stalled talks on its nuclear program.

Obama signed an executive order imposing sanctions on foreign financial institutions that make transactions in the rial or keep rial accounts outside Iran.

The rial has lost two-thirds of its value over the last two years.

The ninth set of sanctions signed by Obama against Iran will also penalize the car makers in Europe and Asia for selling goods and services to Iran’s auto industry. This could mean a significant loss of jobs both inside Iran and in companies doing business with the Iranians.

But Karim Sadjadpour, an Iran analyst with the Carnegie Endowment for International Peace, told AFP that the new measures were not “a game changer.”

“I don’t see them giving Ayatollah Khamenei existential angst,” he said, explaining that “middle and upper class Iranians who can no longer buy Mercedes, Peugeot, and South Korean automobiles will be inconvenienced and offended by this edict, but I don’t see them taking to the streets because of it.”

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Newest Sanctions Hit Iran’s Money, Cars”

Comments are closed.

Current Top Story
Golders Green, London, 2011.
London’s Neo-Nazi Rally Moved Out of Golders Green
Latest News Stories
Golders Green, London, 2011.

Neo-Nazis who planned to march July 4 through London’s Golders Green section must now relocate to the city center.

ISIS in Egypt, according to an image it posted on social media.

Hamas apparently aided ISIS-linked Sinai terrorists in attacking Egyptian Army soldiers.

Umbrellas over Jerusalem

The Jerusalem Municipality hung up umbrellas above Yoel Solomon street, to decorate the street with some color, and add some shade from the sun.

US Navy Yard in Washington DC where a gunmen went on a shooting spree, 2013.

No gunshots, no shooter and no wounded after a scare at the Wash. DC Navy Yard.

Yochanan Danino also distributed 200 books written in his honor and called, “My Father, the Commissioner.”

“The Jewish people and the State of Israel owe an eternal debt to Nicholas Winton who singlehandedly saved hundreds of Jewish children from the Nazis,” Prime Minister Binyamin Netanyahu said Thursday after hearing of his death. Winton died in Britain at the age of 106. He saved hundreds of Jewish children from the gas chambers […]

Police Thursday morning arrested a rabbi from Safed (Tzfat) whom a woman said raped her after giving her spiritual guidance several years ago. A second woman filed a complaint Wednesday night. The allegations were presented to rabbis in Tzfat last month, and rabbinical leaders, including Safed’s Chief Rabbi Shmuel Eliyahu, asked the alleged rapist to […]

Israel, like the non-radical Islamic world. will be happy see the ISIS beheaded for once.

Nicholas Winton saved hundreds of Jewish children from the gas chambers but said nothing for nearly 50 years.

IDF okays Egypt’s heavy arms in Sinai. Al-Sisi claims it is in total control over the Sinai.

Iran has already been able to free up some 20% of its frozen assets, around $19 billion. At best, that’s without doing anything, and at worse, that’s while continuing to rush towards a nuclear bomb.

Egypt attacks jihadists with F-16 warplanes. Israel closes borders to Gaza and Egypt.

“The Donald” is in the number two spot, shared with Ben Carson, in Iowa and Michigan after a survey that already placed him in the second spot in New Hampshire.

Oren, now a representative of the Kulanu party in the Knesset, has moved on from diplomacy to politics.

Shin Bet foils attempt by Hamas to overthrow Palestinian Authority government in Judea & Samaria.

More Articles from Jewish Press News Briefs

Police Thursday morning arrested a rabbi from Safed (Tzfat) whom a woman said raped her after giving her spiritual guidance several years ago. A second woman filed a complaint Wednesday night. The allegations were presented to rabbis in Tzfat last month, and rabbinical leaders, including Safed’s Chief Rabbi Shmuel Eliyahu, asked the alleged rapist to […]

investing-in-gold_4548807_lrg

Iran has already been able to free up some 20% of its frozen assets, around $19 billion. At best, that’s without doing anything, and at worse, that’s while continuing to rush towards a nuclear bomb.

Malachi Moshe Rosenfeld, 26, was buried in Kochav HaShachar in Samaria early Wednesday afternoon after he succumbed last night to bullet wounds from Palestinian Authority terrorists. Bayit Yehudi (Jewish Home) chairman and Minister of Education Naftali Bennett was among hundreds of people at the funeral. He called Rosenfeld “a symbol of the State of Israel, […]

The funeral for Rabbi Yekutiel Menachem Rapp is to pass by 770 Eastern Parkway Tuesday at 3:45 pm ET.

The United States and the other P5+1 powers unsurprisingly have extended the June 30 deadline for reaching an agreement to supervise and limit Iran’s nuclear development program. The extension is for one week, until July 7. As The JewishPress.com reported here earlier this week, “deadline” has a different meaning in the Muslim Middle East than […]

The boat was boarded by Israel’s Shayetet 13 special forces after it refused to turn away from breaching the blockade on Gaza.

Rabbi Riskin is pleased and honored to continue to serve the residents of Efrat…

The Shayowitz family went up to the Mount of Olives on Monday morning to visit the graves of their father and brother, and were shocked to discover that the gravestones were destroyed. The Mount of Olives is one of the oldest surviving Jewish cemeteries in the world, going back thousands of years. Arabs have been […]

Printed from: http://www.jewishpress.com/news/breaking-news/newest-sanctions-hit-irans-money-cars/2013/06/04/

Scan this QR code to visit this page online: