Remember that the administration and its enablers told us that, sure, the UN sanctions weren’t that biting, but the EU would really lower the boom on Tehran. Well, not so much:
The European Union issued regulations this week that went well beyond a UN Security Council resolution passed in June, outlining tough restrictions on the sale of equipment and technology to the Iranian oil and gas industry, as well as on investment in those sectors. But the regulations — unlike legislation passed by the U.S. Congress — allow for the import and export of oil and gas to the Islamic Republic.
This, of course, is the most critical and probably the only effective aspect of economic sanctions. An EU official explained: “We don’t want any negative effect on the Iranian population or to deprive them of energy, so we do not follow U.S. measures that go beyond United Nations sanctions.” Well, then how are sanctions to be effective? Hmm. I guess they won’t be.