Iran Sanctions: Ban on Defense Exports Could Hurt

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On March 14, the five permanent members of the U.N. Security Council together with Germany submitted a draft resolution that would broaden the embargo against Iran. As part of the international effort to derail Tehran’s nuclear program, the proposed resolution seeks, amongst other things, to ban procurement of Iranian “arms or related material.” Though harsher sanctions will be required before Iran thinks again about suspending its nuclear program, a global embargo on its defense exports could nevertheless be a painful blow.<<ad>>In 2005, Iran exported around $100 million worth of military hardware. Its defense industrial base has grown significantly and today […]

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