A 2nd sanctions-related story from a friend with family in Iran

A friend of mine has a cousin in Iran who works as a lawyer. This cousin’s husband is an engineer who runs his own business importing and selling German appliances. They are both civilians; neither of them have any relationship with the Iranian government. Yet, the US-imposed sanctions on Iran’s financial sector has hit them hard.

The sanctions have caused a spiraling exchange rate, meaning that less and less Iranian customers can buy such products that now cost so much that they are out of reach. Consequently, the lack of sales has put his company and the jobs of his employees in jeopardy. The couple have a little girl and boy to support. Should the company go under, they can rely on her training as a lawyer in the short-term to keep the family afloat. Yet, the employees, some of whom are the main breadwinners of their families, may not have such fallback options.

These are the unforeseen consequences of the US sanctions on Iran that go unmentioned and uncovered by the US media and government.

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