Sanctions on Iran for Supporting Russia: Financial and Military Blockade
This Act imposes strict new sanctions on Iranian individuals and financial institutions, including the Central Bank of Iran, that support Russian aggression in Ukraine, for instance by selling drones and missiles. This tightens US foreign policy, potentially affecting global financial markets and trade, although the direct impact on the daily lives of US citizens is minimal. The law also makes it harder to lift existing sanctions on Iran, linking their removal to the cessation of support for Russia.
Key points
New Sanctions: The US President must impose sanctions on Iranian entities supplying Russia with military equipment (drones, missiles, armored vehicles) or defense services.
Financial Blockade: Sanctions will target Iranian financial institutions, including the Central Bank of Iran, that facilitate transactions with Russian entities supporting the war (e.g., the Wagner Group).
Tougher Sanctions Removal: Removing Iranian persons from the sanctions list (SDN) will require certification that they have not traded with or engaged in sanctioned transactions with Russian armed forces for the preceding year.
Money Laundering Status: Iran will remain designated as a jurisdiction of primary money laundering concern until it stops providing material support to Russia and Russia ceases using Iranian-procured defense articles.
Expired
Citizen Poll