Iran’s Ability to Avoid Sanctions

24. June 2008 by Dan Verton.

By Olivier Guitta

Embarking upon what was described as his European farewell tour, U.S. President George W. Bush made a point last week of focusing on the Iranian issue with his European allies. Britain’s Prime Minister Gordon Brown announced that he was ready to add more sanctions to pressure Iran to give up its nuclear program. At the same time, the Iranian media revealed that in the past few months, Iran, anticipating this move, had withdrawn close to $75 billion of deposits from European banks.  This is just an example of why the international sanctions have been somewhat weak. Indeed, Iran has quickly adapted and found a way around the sanctions.
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