The U.S. Department of Treasury announced “a new humanitarian mechanism to ensure unprecedented transparency into humanitarian trade with Iran”. The statement indicated that “given the Iranian regime’s history of squandering its wealth on corruption and terrorism instead of supporting the Iranian people, we have developed a framework to guard against such theft and assist foreign governments and foreign financial institutions in establishing a payment mechanism to facilitate legitimate humanitarian exports to Iran. Through this mechanism, no revenue or payment of any kind will be transferred to Iran”. The statement went on to say that “participating governments and financial institutions must commit to conducting enhanced due diligence to mitigate the higher risks associated with transactions involving Iran”. Iranian Foreign Minister Javad Zarif subsequently tweeted that “contrary to its deceptive claims, new U.S. regulations will aggravate economic terrorism on ordinary Iranians… The U.S. Treasury Department is targeting not merely food but also our imports of medicine”.
Receive the best source of conflict analysis right in your inbox.