Impacts of the Us Trade and Financial Sanctions on Iran

  title={Impacts of the Us Trade and Financial Sanctions on Iran},
  author={Akbar E. Torbat},
  journal={International Law \& Trade eJournal},
  • Akbar E. Torbat
  • Published 1 March 2005
  • Economics
  • International Law & Trade eJournal
This article presents a case study of the effectiveness of the US unilateral trade and financial sanctions on Iran. To assess the trade sanctions' effect, the US-Iran historical trade data are examined, and the economic cost of trade sanctions is measured by applying the concept of welfare loss. The financial sanctions' impacts are evaluated by assessing the extra charges Iran has paid on its foreign debt obligations and for financing its oil development projects. At the end, the efficacy of… 
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