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Food and medical exports to Iran are being blocked from that country even though they are exempt from new sanctions instituted Monday by the European Union.

"With Iraq, that of course ended up with 500,000 Iraqi children dead, resulted in the shortage of medicine, and other needs, and ended up ultimately to forceful invasion and war,"

Washington-based sanctions attorney Eric Ferrari said food and medical exports to Iran are being blocked, even though those items are technically exempt from sanctions. According to the NIAC: He said he has encountered numerous scenarios—an attempted export of a $250,000 of burn medicine, a multimillion dollar export of prosthetic limbs, exports of food supplies—in which goods that had a license from the U.S. government, a willing exporter, and a willing importer, still were blocked because no foreign bank was willing to take the risk to facilitate the transaction.  The reason, he said, is that the U.S. government has announced broader and broader penalties for any foreign bank dealing with Iranian financial institutions, while making no distinction between prohibited and authorized transactions with those banks.  The result is fewer and fewer channels for legal, humanitarian, food, and medical transactions.

the White House is embarking on an economic offensive intended to collapse the Iranian government, which is already contending with a steady tempo of internal unrest driven by economic and political frustrations

Those who have lamented Obama’s restraint in the Middle East will now have another taste of its antithesis: the purposeful American disruption of the status quo underpinned by the assumption that things can only get better. Unfortunately, that rarely holds true in the Middle East

It’s not just oil: U.S. sanctions will be felt across every aspect of the Iranian economy, although in theory, agricultural products, medicines, and medical devices are exempted. In practice, the repercussions are sweeping and unpredictable

Since the start of 2012, the European Union, once Iran’s biggest trading partner, has imposed stringent sanctions on entities involved in the Islamic Republic’s oil and banking sectors on the basis that they are supporters or financiers of nuclear proliferation. Sanctions mean that companies’ assets held in European banks are frozen; and travel bans are imposed on listed individuals.

After several long and expensive legal battles, many sanctions on Iranian banks, shipping companies, insurers, oil contractors, engineering firms and universities have been declared by EU judges to have been placed in “manifest error.” But lawyers representing the Iranian plaintiffs say that several key firms remain sanctioned, despite their wins.

US President Donald Trump last week warned Turkish counterpart Recep Tayyip Erdogan in a letter that he would soon have to impose sanctions on Turkey over its purchase of Russian-made S-400 missile defence systems if Ankara did not accept his proposed terms

Trump also said that Turkey could be re-admitted into a partner programme for the US's next-generation F-35 fighter jet if it agreed not to activate the S-400 systems and committed to not purchasing Russian weapons systems in the future

the two NATO allies at odds over a range of issues including Ankara's incursion into northern Syria

“We told them we don't feel obliged to adhere to sanctions other than those imposed by the UN,”

the US and EU sanctions cover a broader range of activities than those enacted by the UN and are aimed at squeezing Iran's energy and banking sectors, which could also hurt companies from other countries doing business with Tehran

Cumhuriyet daily, quoting an unnamed US official, said Washington had sent the delegation to warn Turkey it intended to target Turkish companies deemed to be trading with the Islamic republic in violation of US sanctions

“Putting pressure is just half of the equation; [US and European officials] have succeeded with that, undoubtedly the pain on Iran is immense,” says Mr. Parsi. “But to channel the pain is a very, very different task.”

measures have begun to bite, causing economic isolation and a precipitous fall in both oil revenues and the value of the Iranian currency. But Iran has still added thousands of centrifuges to enrich uranium, and deployed a more efficient, second-generation centrifuge model; stepped up uranium enrichment levels from 5 percent to 20 percent, which is technically not too far from weapons-grade; and moved its most sensitive work to a deeply buried site impregnable to air attack.

“it is highly unlikely that the regime will succumb to sanctions pressure … [when] no proportionate sanctions relief is put on the table by the P5+1, and capitulation is seen as a greater threat to the regime’s survival than even a military confrontation with the United States.”

The United States sanctioned Turkey's defense, energy, and interior ministers over Turkey's incursion into northern Syria, the Treasury Department announced today. 

Trump has touted taking down the territorial caliphate of the Islamic State (IS, also known as ISIS) in Syria as a signature foreign policy accomplishment, one which current and former officials say the Turkish incursion has put at risk.

the forthcoming order would increase steel tariffs against Turkey to 50% and stop negotiations toward a potential $100 billion trade deal with Ankara. Al-Monitor reported today that Erdogan was one official under consideration for sanctions.

The 40-year-old car carrier named Bana that plied the waters of the Mediterranean was unremarkable in almost all ways, except a dramatic one: the Lebanese-flagged vessel’s shipment of weapons from Turkey to Libya in January 2020 placed it squarely in a whirlwind of international intrigue

the European Union on Sept. 21 sanctioned the ship’s operator, Med Wave Shipping SA, a company that L’Orient Today has learned is owned by a Lebanese shipping magnate’s relative who ran for Parliament in 2018

Little is as it seems on the surface of the complex world of maritime shipping. A trail of documents, public statements and other information sheds light on the kaleidoscopic history of Med Wave Shipping SA and the Bana, one that is bookended by sanctions, marked by arms shipments and has passed through Lebanon, Jordan, Turkey, Libya and Italy.

Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies.

"We sell seven to eight units to Russians every day," said Gul Gul, co-founder of the Golden Sign real estate company in Istanbul. "They buy in cash, they open bank accounts in Turkey or they bring gold."

While Turkey and the UAE have criticised the Russian offensive, Ankara opposes non-U.N. sanctions on Russia and both countries have relatively good ties with Moscow and still operate direct flights, potentially offering routes out for Russians and their cash.

The Ukraine conflict may be a matter of global concern, but states’ responses to it continue to be conditioned by internal political debates and foreign policy priorities.

China has hewed to a non-position on Russian aggression – neither condemning nor supporting the act, and declining to label it as an invasion – while lamenting the current situation as “something we do not want to see”. With an eye to the West, Beijing abstained on rather than vetoing a Security Council resolution calling on Russia to withdraw from Ukraine, and reports indicate that two major Chinese state banks are restricting financing for Russian commodities. Beijing now emphasises the principles of territorial integrity and sovereignty in its statements, a point that had either been absent from earlier statements or more ambiguously discussed as “principles of the UN Charter”.

the worldview that major powers can and do occasionally break the rules

ordinary Iranians are increasingly worried and indeed hurt by sanctions

Even taken together, the sanctions are unlikely to bring the world’s fifth-biggest crude-oil exporter to its knees. The loopholes remain big enough, and the attraction of Iran’s 75m-strong market strong enough, to keep goods and money flowing. Although South Korea joined Japan last month in slapping sanctions on a range of Iranian banks and firms, bringing it into line with other American allies, it remains keen to protect trade with Iran that topped $10 billion last year, so it quickly signed a deal to let Korean and Iranian traders settle accounts via special facilities in two Korean banks and in Korean currency. The Asian powerhouse, China, sees no need for such sleight of hand, and has rapidly expanded its share of Iran’s market, as has neighbouring Turkey.

Almost all the biggest international traders in refined petroleum products, for instance, have stopped dealing with Iran, forcing the country to rely on costlier small-scale overland shipments for much of the petrol that it still has to import because of underinvestment in refining.

President Recep Tayyip Erdogan has once again stunned Europe, this time by threatening to send captured Islamic State (IS) suspects there

Erdogan's most recent threats came as he was responding to the European Union warning of sanctions against Turkey’s drilling operations in the eastern Mediterranean.

Ankara is angry that the Cyprus government is pursuing oil and natural gas exploration without ensuring the rights of the Turkish side, and that the EU is backing Cyprus. Ankara has found itself isolated. Greece, which had made exploration deals with Italy's ENI, France's Total and America's Noble and ExxonMobil, secured the full support of the United States and the EU last year. Early this year, the Republic of Cyprus, Greece, Israel, Italy, Jordan, Palestine and Egypt established the Eastern Mediterranean Gas Forum in Cairo.

A trove of emails, documents and legal filings reviewed by Bloomberg News, as well as interviews with former insiders, reveal the extent of the services Rowland and his private bank provided to one of its biggest customers, Mohammed bin Zayed, better known as MBZ, the crown prince of Abu Dhabi and de facto ruler of the United Arab Emirates. Some of the work went beyond financial advice. It included scouting for deals in Zimbabwe, setting up a company to buy the image rights of players on the Abu Dhabi-owned Manchester City Football Club and helping place the bank’s chairman at the time on the board of Human Rights Watch after it published reports critical of the Persian Gulf country.

a 2017 plan devised by the bank for an assault on the financial markets of Qatar, a country that had just been blockaded by the UAE, Saudi Arabia, Egypt and Bahrain for allegedly sponsoring terrorism

a coordinated attack to deplete Qatar’s foreign-exchange reserves and pauperize its government

If the New York Times’s story about the Justice Department’s handling of the case of  Turkish bank—and President Trump’s interference in that case—had broken any other week, it would be a very big deal. A week before the election, the country inured to the president’s propensity to abuse law enforcement power, it has barely merited a yawn.  The case is worth your time.

Berman’s bizarre firing may have been related to a pressure campaign by Barr and the White House to frustrate a high-profile investigation by Berman’s office. The story of Trump and Barr’s efforts to hamstring the investigation into the Turkish bank, Halkbank, says a great deal about Trump’s abuses of law enforcement, his financial entanglements abroad and his susceptibility to foreign influence.

an alleged scheme on the part of the state-owned Turkish bank to evade U.S. sanctions on Iran

Abramovich is perhaps the most visible of the “oligarchs” surrounding Putin, who are widely perceived as extensions of the Russian president and keepers of a vast fortune that is effectively under the Kremlin’s control. Much of this wealth was extracted from Russia’s enormous energy and mineral resources, and is now stashed in secret bank accounts in the Mediterranean and the Caribbean, in empty mansions and condos from London to Manhattan to Miami, and in yachts and private jets on the French Riviera.

as much as 60% of Russia’s GDP is offshore

The reserved, gray-bearded Abramovich is notoriously litigious toward critics who seek to detail his close ties to Putin. Last year, he successfully sued the British journalist Catherine Belton, who claimed in her 2020 book Putin’s People that the Russian president dictated Abramovich’s major purchases, including his decision to buy Chelsea. He also extracted an apology from a British newspaper for calling him a “bag carrier” for the Russian president.

European companies realize they suffer more from recent Iran restrictions than their U.S. counterparts–and that such advantage may stem in part from better corporate access to decision-makers in Washington than in Brussels.

U.S. companies benefit from well established channels in Washington to plead for sanctions exemptions, while their European peers, “don’t have the same mechanism to lobby the EU bureaucracy.”

It’s possible that the broader drama about Iran is mostly posturing designed to keep the Saudis, Israelis, Gulf states, and wealthy Republican donors like Sheldon Adelson happy. Maybe Trump, Secretary of State Mike Pompeo, and National Security Advisor John Bolton know deep down that the regime isn’t going to fall and isn’t going to renegotiate a better deal than the Joint Comprehensive Plan of Action (JCPOA). But having criticized former President Barack Obama’s handling of Iran, and under pressure from allies and domestic lobbies alike, it was inevitable that Trump, Pompeo, and Bolton would revert back to coercive pressure, even though that approach never worked in the past (at least, not on its own)

Tighter sanctions on Iran are unlikely to convince it to accept all of America’s demands, especially when the United States no longer has the multilateral backing it enjoyed while negotiating the JCPOA. Even much weaker states don’t like giving in to blackmail, because doing so just invites new demands. External sanctions are painful, but they often strengthen authoritarian regimes in the short to medium term. More than a decade of tough sanctions didn’t convince Tehran to give up all its enrichment capacity before, and it’s not likely to do so now

Instead of a new and better deal, Trump, Pompeo, and Bolton may well be genuinely interested in toppling the clerical regime, and they may have convinced themselves that inflicting ever increasing amounts of pain on the Iranian people will finally lead them to rise up and overthrow the mullahs. Bolton and Pompeo have said as much on various occasions, and Bolton’s close (and reportedly lucrative) association with Iranian exile groups is consistent with that objective as well.

"The nuclear deal with Iran has benefited Europeans and loosened up sanctions there, but there's been no relief for Iranian Americans,"

Al Jazeera spoke with several Iranian Americans who said a heavy-handed approach continued long after the Iran deal was passed. Many cited cases of discrimination, but wished to remain anonymous for fear of irking sanctions officials. There are an estimated one million Iranian Americans. Many describe themselves as victims of tensions between two nations that have derided each other as the "Great Satan" and part of an "Axis of Evil" since Iran's religious revolution of 1979.

In June, Iranian Foreign Minister Mohammad Javad Zarif said the "psychological remnants" of curbs on Iran were still deterring business, and that Washington should do more to encourage banks to engage with Tehran. Many Iranian Americans agree. According to a Zogby Research Services poll in March, more than half of 400 respondents said that letting Americans invest in Iran was a "top priority". More than a third said it was time to lift the embargo.