News : Sanctions

US Congress Resists Sales to Iran, while Trump Team Weighs Options for Nuclear Deal

By INU Staff 

INU - On Thursday, it was reported that the US House of Representatives had voted to prohibit the Treasury Department for granting licenses for the sale of commercial aircraft to the Islamic Republic of Iran. Fox News indicates that the bill passed the lower house of Congress by the considerable margin of 243 to 174 but now faces stiff opposition from the Democratic minority in Senate, which is more strongly aligned with President Barack Obama and which wields sufficient power to obstruct some pieces of closely contested legislation.

US Indicts Sanctions Violators but Remains Permissive Toward Tehran

By INU Staff

INU - On Monday, PanArmenian reported that two men of Armenia origin had been arrested and arraigned the previous week in California, on accusations that they violated sanctions by trying to help Iranian entities acquire parts for American military jets, namely F-14s, F-15s, F-16s, and F-18s. The total value of the would-be purchases has been estimated at 3.6 million dollars, and the numerous counts against each defendant, together with the accusation of conspiracy, means that each man may be facing sentences in the area of 100 years.

Soured Mood at the First Iran Investment Summit in Singapore

By INU Staff

INU - The international campaign designed to warn companies about the dangers of doing business with the mullah’s regime in Iran is reported to have "soured the mood" at the first Iran Investment Summit held in Singapore last week, according to the international business channel CNBC World.

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