WASHINGTON (Reuters) – Treasury Secretary Janet Yellen said on Thursday the United States was looking for ways to toughen its sanctions on Iran, but acknowledged the sanctions had not led to changes in behavior or behavior. policy that Washington wants from Tehran.
This is by David Lander and Kanishka Singh,”Yellen: Iran’s actions unaffected by sanctions to the extent the US would like», March 23, 2023.
Lander and Singh continue:
“Our sanctions against Iran have created a real economic crisis in the country, and Iran is suffering enormously economically because of the sanctions… Has it forced a change in behavior? The response is far less than what we would ideally like,” Yellen told lawmakers during a hearing on Thursday.
Dave DeCamp writes:
History shows that sanctions do little to change the governments they target, but still hurt ordinary citizens of the targeted country. For example, UN experts said last month that more Iranians are dying of thalassemia, a congenital blood disease, due to Western sanctions depriving them of specialized drugs and the ingredients to make them.
Despite the Iranian policy’s failure, Yellen said the United States was looking for ways to tighten sanctions even further. The Biden administration followed the Trump administration’s so-called “maximum pressure campaign” against Iran and imposed a slew of new sanctions.
It’s from Dave DeCamp,”Yellen says US sanctions have created a ‘real economic crisis’ in Iran», Antiwar.com, March 26, 2023.
DeCamp is right to say, “History shows that sanctions do little to change the governments they target, but still hurt ordinary people in the targeted country. This is the rough result of Kimberly Ann Elliott, Gary Clyde, Hufbauer and Barbara Oegg, “Punishmentsin David R. Henderson, ed., The Concise Encyclopedia of Economics. I also wrote about sanctions here.