Wednesday, 25 December 2013

The facts and impact of Iran Sanctions

Everyone who knows about US and Iran sanctions is well aware with the fact that US has cut off the Iran from the international banking system. The cut off impacts have started to show in the last few years. Although Iran is at the liberty to purchase food, medicine and humanitarian items but does not have access to the foreign commodities.  
Slowly and steadily things are getting worse and are paving way to a humanitarian crisis. 
The greatest impact can be seen in the health industry of Iran. The local residents of Iran who are on look of various foreign-made medicines to treat diseases like cancer, thalassemia, hemophilia and others are finding no success. It is not impossible but definitely tougher to acquire the foreign- made medicines. Even the important health machines in the hospitals which require some kind of spare parts are getting rust in the long and tiring search.  It is becoming hard to find the required spare parts, absence of which are making the health machines absolutely useless.   The other sufferers include the pharmaceutical companies which require imported raw materials for the manufacturing of their medicinal products.
The sanctions are making Iran economy suffer a lot. It is really crippling some of its important parts of the economy. It is not possible to move the Iranian money through the U.S financial system. Anyone who tries to does it illegally is charged with a large amount of fine. In some recent developments some of the foreign subsidiaries of several U.S. firms have decided voluntarily to end their business terms with Iran.

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