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By Benyamin POGHOSYAN, PhD, Chairman, Center for Political and Economic Strategic Studies
When President Trump pulled the US out of the Iran nuclear deal in May 2018, and launched his “maximum pressure campaign” against Tehran, the other signatories of the nuclear deal did not join the US and took steps to save the deal. The EU even launched a special trade mechanism – INSTEX - to facilitate non-USD and non-SWIFT transactions with Iran, while China continued to buy Iranian oil. The re-imposed US sanctions have significantly worsened the economic situation in Iran but have failed to reach the main goal – to force Tehran to change its regional policy and give up on its ballistic missile program. READ MORE
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