After Sanctions, Rouhani’s Economic Agenda Faces Challenges in Iran

Iranian President Hassan Rouhani at a press conference at the Elysee Palace, Paris, Jan. 28, 2016 (AP photo by Thibault Camus).
Iranian President Hassan Rouhani at a press conference at the Elysee Palace, Paris, Jan. 28, 2016 (AP photo by Thibault Camus).
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Thanks to Iran’s speedy compliance with the requirements of its nuclear agreement with the group of world powers known as the P5+1, international economic sanctions on Iran were formally lifted on Jan. 16. Iran’s political leadership upheld its part of the deal so far in order to prevent any delay in lifting sanctions that have crippled its economy. The two most devastating sanctions that were lifted had restricted Iran’s finances and oil exports. These measures reduced Iran’s oil revenues, blocked its foreign assets and nearly paralyzed its foreign trade. Free from those restrictions, Iran has wasted no time in trying […]

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