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U.S. trade sanctions with Iran unenforced. Print E-mail

 

  U.S. Enriches Companies Defying Its Policy on Iran

"One of the government’s most powerful tools, at least on paper, to influence the behavior of companies beyond the jurisdiction of the embargo is the Iran Sanctions Act, devised to punish foreign companies that invest more than $20 million in a given year to develop Iran’s oil and gas fields. But in the 14 years since the law was passed, the government has never enforced it, in part for fear of angering America’s allies."

 
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