Iran Sanctions - FAS

Iran Sanctions Updated April 6, 2021 Congressional Research Service RS20871 Congressional Research Service SUMMARY Iran Sanctions Successive Administrations and Congresses have used economic Sanctions to try to change Iran s behavior. Sanctions on Iran primarily secondary Sanctions on firms that conduct certain transactions with Iran have adversely affected Iran s economy but have arguably not, to date, altered Iran s pursuit of core strategic objectives including its support for regional armed factions and its development of missiles. Sanctions did contribute to Iran s decision to enter into a 2015 agreement that put limits on its nuclear program the Joint Comprehensive Plan of Action (JCPOA). During 2011-2015, in implementation of deliberate policy, global economic Sanctions contributed to the shrinking of Iran s economy as its crude oil exports fell by more than 50% and it could not access its foreign exchange assets abroad. Upon Iran s implementation of nuclear program restrictions stipulated by the JCPOA, the Obama Administration eased the relevant Sanctions and and European Union Sanctions were lifted as well.

missile and advanced conventional weapons technology. U.N. Security Council Resolution 2231, which endorsed the JCPOA, kept in place an existing ban on its importation or exportation of arms (which expired on October 18, 2020) and a nonbinding restriction on Iran’s development of nuclear-capable ballistic missiles (until October 18, 2023).

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