England, in a statement continuing its hostile policies against the Islamic Republic of Iran, has added two new items to its list of sanctions. These sanctions specifically refer to financial and trade restrictions related to Iran, imposed in line with international pressures on the country.
Financial Sanctions Against Iran
The new financial sanctions specifically limit Iran's access to the British financial system and prohibit loans, credit, and investment to individuals and entities related to Iran. Additionally, transactions related to Iranian government bonds and the provision of insurance and reinsurance services related to Iran have also been completely banned. These measures are interpreted as part of Britain's efforts to pressure Iran's economy and prevent the development of the country's economic projects.
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Trade and Transportation Sanctions
In terms of trade sanctions, broad export and import bans have been imposed on goods and technologies related to energy, including oil, gas, and petrochemicals, gold and precious metals, as well as business software such as ERP and CRM. These sanctions could particularly have significant impacts on Iran's petrochemical industry, which is considered one of the most important economic sectors of the country.
Moreover, the landing of Iranian cargo planes in Britain (except in exceptional cases) has been banned, and London's powers to impose restrictions and seize vessels related to Iran have also been expanded. These restrictions, especially in the field of maritime and air transportation, could severely affect Iran's trade exchanges.
The Embassy of the Islamic Republic of Iran in London, in response to this action, deemed the new sanctions illegal and contrary to the common interests of the two countries, stating that Britain's alignment with the U.S. policy of "economic terrorism" deepens distrust between the two countries. These sanctions are part of London's hostile policies against Tehran and coincide with escalating tensions in the Middle East and the war with Iran.
Since the onset of the Ukraine war in February 2022, Britain has been one of the leading Western countries in imposing economic and financial sanctions against Russia and, in coordination with the European Union and other Western allies, has imposed extensive restrictions on Russia's energy, banking, transportation, and defense industries. These sanctions are considered part of Britain's geopolitical and economic policies aimed at countering global threats.
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