USA: Sanctions and Pressure Tools Against the Islamic Republic Have Been Effective

On Wednesday, the U.S. Department of State responded to a question from the Persian section of Voice of America regarding the impact of sanctions imposed over the past four years under President Joe Biden against the Islamic Republic of Iran, stating that the Islamic Republic's budget deficit and the severe depreciation of the rial indicate the success of these sanctions. Concurrently, the Office of Foreign Assets Control of the U.S. Treasury Department (OFAC) sanctioned two entities and two individuals for their roles in developing and procuring sensitive navigation components for the Islamic Revolutionary Guard Corps. In this context, the U.S. Department of State also sanctioned one individual and two other entities involved in the Islamic Republic's drone and missile programs. Vedant Patel, Deputy Spokesperson for the U.S. Department of State, told Voice of America: "Due to the continuation of this administration's sanctions, the Iranian regime is receiving only a small portion of the market price for the oil it can sell. Furthermore, as a result of these sanctions, the Islamic Republic has been unable to realize the projected revenues in its budget, and the value of the Iranian rial is at its lowest level against the U.S. dollar." He added: "Sanctions, their precise determination and enforcement, and the creation of barriers in financial transfer networks have disrupted Iran's access to financial resources, goods, services, and technology, reducing the country's ability to continue destabilizing actions in the region." Patel emphasized: "We will remain steadfast in our efforts to expose and cut off the Islamic Republic's revenue-generating capabilities, and this remains a priority for the United States, our allies and partners, as well as the G7." In recent years, the United States and the European Union have imposed extensive sanctions against individuals and entities involved in the Islamic Republic's drone and missile programs, human rights violators, and those responsible for suppressing protesters. Despite repeated warnings from Western countries about the consequences of continuing sanctions, the Islamic Republic insists on continuing its destabilizing actions in military and human rights areas.