Trump plans executive order to punish arms trade with Iran

Trump plans executive order to punish arms trade with Iran

U.S. President Donald Trump plans to issue an executive order allowing him to impose U.S. sanctions on anyone who violates a conventional arms embargo against Iran, three sources familiar with the matter said on Thursday, Trend reports citing Reuters.

The sources, who spoke on condition of anonymity, said the executive order was expected to be issued in the coming days and would allow the president to punish violators with secondary sanctions, depriving them of access to the U.S. market.

Neither the White House nor the Iranian mission to the United Nations immediately responded to requests for comment.

The proximate cause for the U.S. action is the impending expiry of a U.N. arms embargo on Iran and to warn foreign actors - U.S. entities are already barred from such trade - that if they buy or sell arms to Iran they will face U.S. sanctions.

Under the 2015 nuclear deal that Iran struck with six major powers - Britain, China, France, Germany, Russia and the United States - the U.N. conventional arms embargo is to set to expire on Oct. 18, shortly before the Nov. 3 U.S. election.

The United States, which abandoned the nuclear deal in May 2018, says it has triggered a “snap back,” or resumption, of all U.N. sanctions on Iran, including the arms embargo, which would take effect at 8 p.m. on Saturday night or 0000 GMT on Sunday.

Other parties to the nuclear deal and most of the U.N. Security Council have said they do not believe the United States has the right to reimpose the U.N. sanctions and that the U.S. move at the United Nations has no legal effect.

One of the three sources, a European diplomat, said the new executive order would put teeth behind Washington’s assertion that the U.N. arms embargo would remain in place beyond October by giving the president secondary sanctions authority to punish arms transfers to or from Iran with U.S. sanctions.

Secondary sanctions are those where one country seeks to punish a second country for trading with a third by barring access to its own market, a particularly powerful tool for the United States because of the size of its economy.

Most foreign companies do not wish to risk being excluded from the vast U.S. market in order to trade with smaller countries such as Iran.

Speaking on Wednesday, U.S. Special Representative for Venezuela and Iran, Elliott Abrams, said Washington planned to impose sanctions on those who violated the U.N. arms embargo, though he did not say it would do so with an executive order.

Also on Wednesday, U.S. Secretary of State Mike Pompeo obliquely hinted at the upcoming U.S. action by stressing the power of U.S. sanctions restored since it abandoned the Iran nuclear deal two years ago to deter foreign trade with Iran.

“We’ll do all the things we need to do to ensure that those sanctions are enforced,” Pompeo said of the U.N. arms embargo, recalling many experts argued U.S. unilateral sanctions imposed after it abandoned the nuclear deal would fail.

“We’ve been very successful in spite of what the world said would happen,” he added, saying U.S. sanctions had drastically reduced Iran’s financial resources.

Iran reveals its COVID-19 data for October 21
Iran reveals its COVID-19 data for October 21
Sarajevo mayor underlines urban cooperation with Tehran
Sarajevo mayor underlines urban cooperation with Tehran
Iran`s President reacts to restriction of essential goods and medicine`s supply
Iran`s President reacts to restriction of essential goods and medicine`s supply
Loading Bars
Latest
Canada PM Trudeau wins backing of opposition party to avoid snap election
Moscow's death toll from confirmed COVID-19 cases rises by 66
Spain's COVID-19 cases top 1 mln
UAE sends fifth medical aid plane to Kazakhstan in fight against COVID-19
Jens Stoltenberg: Georgia, Ukraine are valuable partners of NATO
Iran sees Russia as key defense partner
France's new daily COVID-19 cases above 25,000 again
President Ilham Aliyev: Azerbaijani Army liberated Minjivan settlement and 13 villages of Zangilan district
Armenia once again betrays Russia
President Ilham Aliyev: Azerbaijani Army liberates 3 villages of Fuzuli district, 5 villages of Jabrayil district
Armenian side forced to recognize Azerbaijani army’s superiority - Defense Ministry
Armenia's defensive system, military equipment and terrorists didn't help - Azerbaijan's MoD
Liberation of Zangilan to increase production and export of Azerbaijan's mineral resources
Morocco's import of Turkey's jewelry, precious stones drops
Turkey's export of jewelry, precious stones to Iran decreases - Trade Ministry
Armenia has no interest in peaceful settlement of Karabakh conflict - top official
France reduces imports of jewelry, precious stones from Turkey
Georgia's import of Turkey's jewelry, precious stones down for 9M2020
Car prices in Iran drop
Iraq likely to unblock Iran's assets
Iran continues to increase non-oil exports
Supplies of jewelry from Turkey to Iraqi market decline in 9M2020
Dissemination of inaccurate info by some websites not to affect Qatar-Azerbaijan relations - embassy
Kazakhstan’s ERG Service to establish foundry products export to Uzbekistan
Turkish jewelry supplies to Azerbaijani market plunge
No diplomatic way to resolve Karabakh conflict, admits Armenian PM
Georgia implementing new project to provide remote villages with internet
Actual revenues to Azerbaijan's budget from State Customs Service top forecast
SOCAR details plans for expanding gas distribution network in Georgia
Iranian Energy Exchange announces products to be on sale October 24
Compound feed producing plant to be commissioned in Almaty
Most Azerbaijani monuments in occupied territories Armenianized or destroyed
Georgia reveals TOP 5 banks with highest interest on loans
Uzbekistan reveals growth rate of investments spent in fixed assets for 9M2020
China's import of jewelry, precious stones from Turkey slumps
EU leaders to hold COVID-19 video-conference October 29
Iran's Persian Gulf Star Oil Company boosts its exports
Turkey increases export of jewelry to US - Ministry of Trade
Transfers by Azerbaijan's State Oil Fund to state budget for 9M2020 revealed
Union of Importers of Oil Products of Georgia talks adoption of new standard for diesel fuel
Subsidies for agriculture dev't allocated in Kazakhstan's Almaty region
Price of mobile internet down in Georgia
Data on sales in foreign currency at Turkmenistan’s exchange in September
Bahar Azadi gold coin price continues to fall in Iran
Fitch Ratings notes Georgia’s ability to comfortably meet its funding needs
Volume of paid salaries decreases in Georgia
Germany's 9M2020 import of Turkish jewelry shrinks
President Ilham Aliyev interviewed by Japan’s Nikkei newspaper (PHOTO)
Azerbaijan, Russia enhancing bilateral co-op on innovative dev't, digital economy
Uzbekistan resumes flights to UAE's Sharjah
Eni sets timeframe for wind farm construction in Kazakhstan
Azerbaijan itself implementing UN Security Council resolutions
Azerbaijan reveals state budget revenues, expenditures for 9M2020
Students of Baku Higher Oil School donate their scholarship allowances to Armed Forces Assistance Fund
Amount of investments made to launch of enterprises in Iran increases
Uzbekistan suspends gold export
Khazar Consortium opens tender for purchase of fire-fighting equipment
Georgia's import of tubes, pipes, hollow profiles from Turkey up
Three more UAVs of Armenia destroyed
Ambassador of Mexico met with Executive Director of SOFAZ
Russian entrepreneurs, well-known arm dealers involved in arming Armenia - President Aliyev
Uzbekistan considers state budget for 2021 taking into account COVID-19
Exports of knitwear from Georgia to Turkey down
Armenia creating suicide squads consisting of prisoners sentenced to death
UAE increases exports to Kazakhstan amid COVID-19
Chevron expresses will for further co-op with Kazakhstan in energy sector
Azerbaijani agency joins int'l public-private partnership association
Azerbaijani, Russian FMs meet
Exports of furniture, wood from Turkey to Turkmenistan increased
Nasdaq profit surges 76% on non-trading business strength
Georgian air company Air Georgia implements new project with United Arab Emirates
Weighted average rental rates reduce on Georgian main high streets
Azerbaijan's victory in Karabakh conflict beneficial to all parties, Russian expert says
Azerbaijan to build power supply stations in deoccupied districts
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
EAEU reveals export of Turkmen vehicles
Georgia sees increase in export of flours, meals, pellets to Turkey
Operating performance of financial institutions improves in Georgia
Georgia reduces import of medicaments from Turkey
Wood, furniture exports from Turkey to Ukraine decline
Iran reveals its COVID-19 data for October 21
We drove Armenian army out of our lands so fast that they fling up their heels - President Aliyev
Azerbaijan confirms 176 more COVID-19 recoveries
Military equipment abandoned by Armenian army on battlefield (PHOTO / VIDEO)
President Ilham Aliyev on possibility of observers introduction
At the last moment Armenian refused to return Kalbajar and Lachin, says president of Azerbaijan
Iran restarts extraction from Sulabdar oil field
Azerbaijan reaffirms position on Lachin corridor which is part of fundamental principles - President Aliyev
President Aliyev says no country helping Azerbaijan in fight with Armenia
If Armenian side says it is ready to withdraw troops from occupied territories, issue of so-called observers can be considered - President Aliyev
Azerbaijan wants peace, also territories that rightfully belong to it - President Aliyev
Full responsibility for what is happening now lies squarely with Pashinyan, says Azerbaijani president
We are offered to make concession to Armenia, unilateral concession, while nothing being offered in return - President Aliyev
Azerbaijan ready to suspend military operations, resolve issue at negotiating table - President Aliyev
Armenia’s terrorist authorities must be punished – Azerbaijani MP (VIDEO)
Georgia, UK aim to strengthen business and commercial ties
Volume of market services in Uzbekistan’s transport sector remains predominant despite decrease
Azerbaijan to issue support for children who lost parents after Armenia's Ganja attack (PHOTO)
Turkey raised wood, furniture exports to Russia - Trade Ministry
Heads of Christian religious communities of Azerbaijan protest against draft resolution submitted to US Congress
All news