Will the recent US Treasury sanctions and impending Congress sanctions on Iran influence Indian companies from doing business with the Islamic Republic?
Although Iran’s regime is under no immediate danger of being toppled, it however faces a growing number of internal and external threats which will necessitate prudent redressing.
The draft deal is envisaged as a test of Iran’s intentions, and from the Iranian point of view as a test of Western countries’ assurance to facilitate its peaceful nuclear programme.
In a surprise move the Iranian parliament (Majles) approved 18 of the 21 nominees including that of a woman proposed by President Mahmoud Ahmadinejad as members of his cabinet.
US President Barack Obama’s landmark appeal to the Iranian people for a shift away from decades of confrontation was a significant move in the right direction.
The United Nations Security Council imposed the third set of economic and trade sanctions against Iran on March 3, 2008 for refusing to halt its nuclear programme.
In an interesting development, the Gulf Co-operation Council (GCC) invited Iran for the first time last month to attend its summit meeting held in Doha.
The United States imposed unilateral sanctions against Iran on October 25, 2007 to complement its efforts towards getting a third set of sanctions through the UNSC.