It’s about to start! The United States announced a full-scale resumption of sanctions against Iran, and its response to Iran was calm.

       CCTV News:On November 2nd, local time, US Secretary of State Pompeo and Finance Minister Mnuchin jointly issued a statement announcing that sanctions on Iranian energy and banking will be restarted on the 5th of this month. This is the second batch of sanctions against Iraq restarted after the United States announced its withdrawal from the comprehensive agreement on the Iranian nuclear issue in May this year. At that time, the United States will fully resume the sanctions against Iraq lifted by the Iranian nuclear deal.

       US Secretary of State Pompeo said that the latest targets of sanctions will include Iran’s energy, shipbuilding, transportation and financial industries, and the US will impose sanctions on countries and enterprises that continue to buy Iranian oil and do business with blacklisted Iranian companies from November 5.

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       Pompeo said that eight countries or regions will be granted temporary exemptions and can continue to purchase Iranian petroleum products, because they have greatly reduced Iranian crude oil imports, and the United States will give them more time to achieve "zero imports". The United States will ensure that this part of the Iranian government’s income from petroleum products can only be used for humanitarian procurement and non-sanction trade. According to foreign media reports, the eight exempted countries and regions may include Japan, South Korea, India and Turkey, and the US will announce the full list on November 5th.

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       In addition, Pompeo also listed 12 requirements that need to be met in order to lift the sanctions against Iran, including "stopping the financing of terrorism, stopping military operations in Syria, and stopping the research and development of ballistic missiles" and so on.

       After announcing its withdrawal from the Iranian nuclear comprehensive agreement in May this year, the White House announced on August 6 that it would restart a series of sanctions on Iran’s finance, metals, minerals, automobiles and other non-energy fields from August 7. Sanctions will involve the Iranian government’s purchase of precious metals such as dollars and gold, industrial graphite, steel, aluminum, coal and software, transactions related to Iranian currency, activities related to the issuance of sovereign debt by the Iranian government, and the Iranian automobile industry.

       Up to now, the U.S. government has imposed 19 rounds of sanctions on Iran in 168 fields. On November 5th, the U.S. Treasury Department will publish a list of more than 700 individual units that have been sanctioned, including more than 300 new targets in addition to those that have been lifted by the the Iranian nuclear deal.

       According to Reuters, Turkey and Iraq have received confirmation that they can be exempted from the US sanctions against Iran.

       Turkish Energy Minister Donmez No.2 said that Turkey has received the exemption confirmation from the United States and can continue to import oil from Iran for the time being. An Iraqi official also said on the same day that he had received permission from the United States to continue to import key energy and food materials from Iran as long as he did not pay dollars to Iran. In addition, according to a source, India and South Korea are also on the exemption list of the United States.

       [Response] Iran called the new round of sanctions "not worth mentioning"

       After the United States announced that it would fully resume sanctions against Iran, US President Trump said that sanctions against Iran are beginning and Iran will be hit hard. In this regard, Iranian Foreign Ministry spokesman No.2 said that Iran is not worried about the new sanctions against the United States because the United States will not be able to implement sanctions against Iran. The spokesman also said that under the sanctions of the United States, Iran also has the ability to manage economic affairs well.

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       Iranian Foreign Ministry spokesman Ghasemi told national television on the same day that "the United States will not be able to take any effective measures against Iran, and Iran has the knowledge and ability to manage national economic affairs." He also said that "through these sanctions, the United States can achieve its economic goals. The possibility is very small, and it is impossible to achieve its political goals through such sanctions."

       In response to the announcement by the United States that it will exempt eight countries and regions that import oil from Iran, Cadol, deputy minister of Iranian Oil Ministry, said that the exemption shows that "the oil market needs Iran, and Iran cannot completely withdraw".

       In May this year, the United States announced its withdrawal from the Iranian nuclear deal, and since then, it has repeatedly imposed sanctions on Iran. The State Council announced in June that it would ask countries to stop importing Iranian oil in November, otherwise relevant countries and enterprises would face economic sanctions.

       [Impact] Rising prices have affected people’s lives

       Since the US sanctions started in August this year, the Iranian currency, the Iranian rial, has depreciated sharply, which has greatly affected people’s lives. After the US sanctions were launched, the Iranian rial fell to an all-time low against the US dollar. In the local unofficial market, the currency depreciation once exceeded three times. As a result, residents’ savings have shrunk and prices have risen rapidly. When the reporter interviewed in Tehran, the capital of Iran, many people said that the cost of living has increased and life is getting worse.

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       The Iranian people say that they simply don’t believe the US government’s statement that "the purpose of sanctions is only to put pressure on the Iranian government", because it is the people who suffer. The local people told reporters that although the Iranian country and people are suffering, they are not afraid and will not bow to hegemony. On the contrary, the United States is losing its international credibility in this sanctions.

       [Statement] European countries deeply regret the US decision.

       In response to the United States’ announcement of a comprehensive resumption of sanctions against Iran, the EU, France, Germany and Britain said in a joint statement that they deeply regret the decision of the United States.

       Mogherini, the European Union’s High Representative for Foreign Affairs and Security Policy, and the finance ministers of France, Germany and Britain said that they would protect European economic entities that have legitimate business dealings with Iran under the European legal framework and UN Security Council Resolution 2231.