Nuclear Issues

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Analysis & Opinions - Iran Matters

Current State of Global Sanctions Against Iran

| Mar. 23, 2015

In this op-ed for Iran Matters, Aaron Arnold provides a crucial update on the status of the economic sanctions placed on Iran. He argues that in the short term, a lack of sanctions relief will continue to damage the Iranian economy and undercut efforts by the Rouhani Administration to revitalize growth. However, he points out that new developments in the global economy, such as the creation of an alternative to the SWIFT financial messaging system pushed by Russia and China, will possibly degrade the effectiveness of sanctions in the long run.