President Trump’s sanctions on Iran have cost them over $200 billion according to Iranian president Hassan Rouhani.
As pointed out by Joel Pollak of Breitbart, the sanctions imposed by President Donald Trump on Iran have more than erased the benefits given by President Barack Obama under the nuclear deal, according to numbers presented by Iranian President Hassan Rouhani.
Under the Iran deal, Iran gained renewed access to up to $150 billion in assets that had been previously frozen. The Obama administration also infamously gave Iran nearly $2 billion in cash for the release of American prisoners who were effectively hostages. The money is believed to have been used, in part, to fund Iranian terror operations.
Per Bloomberg, renewed U.S. sanctions have cost Iran $200 billion in foreign-exchange income and investment, Iranian President Hassan Rouhani said Tuesday.
Sanctions have deprived the Islamic Republic of $100 billion in oil revenue in the last two years and an equal amount in foreign investment credit, Rouhani said in a televised speech, according to his official website.
Earlier this month, he submitted a draft budget for the coming fiscal year designed to offset the impact of Washington’s “maximum pressure” policy on the Islamic Republic.
U.S. sanctions have led to record-low oil exports for Iran — traditionally the country’s largest source of foreign exchange earnings. Bureaucrats in Tehran are earmarking steep increases in revenue from taxes, fees and penalties to try to compensate for the loss of crude earnings and faster inflation in the aftermath of protests around the country.