What Are The Implications Of The Sanctions Against Iran On The People Of Iranian Descent Living In The US?
The number of people of Iranian descent that are living in the US has increased steadily over the years. They come here for a wide variety of reasons, form business to studies and so on and so forth. Life for these Iranian-Americans has turned sour following sanctions against Iran. Well, the story behind this turn of events is that Iran has been participating in a number of vices that are completely unacceptable to the international community and the result of its reluctance to desist from these vices has resulted in this precarious situation. Some of these vices are the manufacture of nuclear weapons, harboring, protecting and supporting terror groups among other things. This has resulted in the sanctions against Iran from all quarters like the EU, UN, and the US government. This has been going on for years but it is only now that the sanctions have started to take.
Iran is being affected by these sanctions and Iran’s economy is getting a hit. The people of Iranian descent living outside of Iran have had to grapple with the effects of these sanctions as well, especially those living on the US soil. One of the effects is that there is an unemployment crisis that is being faced by Iranian-Americans among many others. So, what are the implications of the sanctions against Iran on the people of Iranian descent living in the US?
Not only have the employed been affected but even those who own businesses in the US. The biggest blow for the business community was the restrictions on imports and exports because this is the lifeblood of business. You will find that because of their roots in Iran, these businessmen had established a market for their goods there, this sanction cuts that connection and there business along with it. Having specifically targeted the imports and exports industry, there is no other way around it. To make matters worse for these people, some avoid buying from them because they don’t know exactly what the sanction prohibits and don’t want to take any chances.
Even worse, those of Iranian descent who still had ties with their relatives back home have had to cut them. Because sending or receiving funds to or from Iran has been banned, people cannot send support to their elderly parents as they used to. This goes deeper than what can be seen on the surface because these people have had to carry money in suitcases across the border. Just to avoid trouble and any of the penalties, no bank can take that risk to help them.
Anyone who inherits property from their deceased relative in Iran cannot benefit from it because they are not allowed to sell it. There is no investing allowed so any businesses have had to be neglected.