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Saturday, December 14, 2019

Escalated Trump Regime Economic Terrorism on Iran

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
US war on Iran by other means is all about its refusal to subordinate its sovereignty to US interests, opposition to its imperial agenda, support for Palestinian rights, and Washington’s aim to control its vast hydrocarbon resources.
America’s 1977 International Emergency Economic Powers Act (IEEPA) lets presidents claim unusual and/or extraordinary foreign threats (invented or real), declare a national emergency, and regulate commerce accordingly.
Presidents have taken full advantage deceptively, unjustifiably, and illegally.
Straightaway after its 1979 revolution, the US seized billions of dollars of Iranian bank deposits, gold, and other properties, including amounts held in overseas branches of US banks.
A full trade embargo followed. For decades, Washington ruthlessly targeted Iran and its people, things greatly escalated by Trump regime economic terrorism.
The General Assembly’s 1974 Charter of Economic Rights and Duties of States says no nation may use or encourage use of economic, political or other measures to coerce another country to subordinate its sovereign rights in any way.
UN General Assembly Resolution 44/215 (1989) prohibits political and economic coercion against developing countries.
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