Biden is considering ENDING sweeping sanctions against states like Iran that were strengthened under Trump and will instead rely on 'working with' foreign governments
The Treasury Department is leading a review that 'seeks to identify ways to promote a warranted, strategic, and judicious use of sanctions' Focus on sanctions done in concert with allies U.S. has slapped sanctions on Iran, China, North Korea and other nations in effort to punish actions or incentivize changes Administration commenced review to identify ways to use sanctions in more targeted fashion to avoid impacts on ordinary citizens U.S. working with allies to life some sanctions on Iran amid push to rekindle nuclear deal Sen. Ted Cruz compared the changes to 'appeasement' By Geoff Earle, Deputy U.S. Political Editor For Dailymail.com
Published: 15:03 BST, 6 July 2021 | Updated: 16:17 BST, 6 July 2021
The Biden administration is near completion of an overall review of U.S. sanctions meant to punish or push nations like Iran, North Korea, and Russia.
The result is moving toward efforts that rely more on U.S. allies and sanctions that are retooled in a way meant to mitigate impacts on ordinary citizens – but could result in peeling back efforts meant to nudge outlaw regimes like Iran and North Korea.
The U.S. imposed sanctions have had pronounced effects on the economies of Iran and Venezuela, but have yet to bring about political change policymakers hoped for.
'Our focus is on making sure that we're moving from unilateral action, which has been what has defined U.S. policy over the last four years, to really working with our partners,' a senior administration official told The Wall Street Journal, which reported the administration has 'nearly completed' its review.
President Joe Biden's administration is nearing completion of a security review of U.S. sanctions policy against countries including Russia, Iran and North Korea
The Treasury Department is
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