Twelve Major Consequences Of Sanctions on Iran

Sanctions, whether unilateral or multilateral, have been the United States' core policy on Iran since the 1979 revolution. President Barack Obama entered office confirming that he intended to pursue a policy of engagement with Tehran. During his tenure, however, the United States has orchestrated its harshest sanctions to date against Iran.

Sanctions have slowed Iran’s industrial and economic growth, considerably limited foreign investment and triggered national currency devaluation, hyperinflation, declining GDP and, last but not least, reduction of oil and gas production and export. Mahmoud Bahmani, governor of the Central Bank of Iran, described the seriousness of the effects of sanctions as "no less than a military war.” Even President Mahmoud Ahmadinejad, who once asserted that the sanctions were viewed as "the most ridiculous behavior," now admits that sanctions have taken their toll on Iran’s economy.

Simply put, if the real objective of the sanctions was to hurt ordinary Iranians, they have been successful. If they were intended to compel Iran to cease its current nuclear program, they have not only failed, but have actually resulted in acceleration of the program. This is the outcome I predicted and have reiterated from the onset of imposing harsh sanctions. Due to their mentality, culture and religious beliefs, the Iranians have resisted coercion and have further expanded their nuclear program.

As reports by the International Atomic Energy Agency indicate, prior to sanctions related to its nuclear program, Iran had one uranium enrichment site, a pilot plant of 164 centrifuges enriching uranium at a level of 3.5%, one generation of centrifuges and an approximately 100 kg stockpile of enriched uranium. Today, it has two enrichment sites with roughly 12,000 centrifuges, can enrich uranium up to 20%, possesses a new generation of centrifuges and has amassed a stockpile of more than 8,000 kg of enriched uranium.