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Iran Shrugs Off Latest U.N. Sanctions

New U.S. sanctions give American banks the power to freeze Iranian government assets and target Iran’s central bank. The new enforcement has already disrupted This is the newest effort in a series of events to force the Islamic Republic to abandon nuclear work.

From Reuters

“It is an antagonistic move, psychological warfare which has no impact… There is nothing new, it has been going on for over 30 years,” Iranian Foreign Ministry spokesman Ramin Mehmanparast said, referring to three decades of U.S.-Iranian hostility.

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Rice exporters said Iranian buyers had defaulted on payment for 200,000 tonnes of rice from their top supplier India in another sign that Western financial sanctions are disrupting trade, even in one of Iran’s food staples.

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