Trump fires warning as sanctions take effect

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Currency exchange shops line a street in downtown Tehran, Iran, on Tuesday, Aug. 7, 2018. (AP)
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Iranian drivers on a main street in the capital Tehran. President Donald Trump reimposed crippling sanctions against Iran on Tuesday. (AFP)
Updated 08 August 2018
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Trump fires warning as sanctions take effect

  • The sanctions reimposed on Tuesday, which target access to US banknotes and key industries such as cars and carpets, were unlikely to cause immediate economic turmoil
  • European governments are infuriated by Trump’s strategy, which has prompted many of their large firms to leave Iran for fear of US penalties

TEHRAN: US President Donald Trump warned the world against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed,” triggering a mix of anger, fear and defiance in Tehran.
“The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level,” Trump wrote on Twitter.
“Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less.”
Within hours of the sanctions taking effect, German carmaker Daimler said it was halting its business activities in Iran.
Trump’s May withdrawal from a landmark 2015 nuclear agreement had already spooked investors and triggered a run on the Iranian rial long before nuclear-related sanctions went back into force.
“I feel like my life is being destroyed. Sanctions are already badly affecting people’s lives. I can’t afford to buy food, pay the rent,” said one construction worker on the streets of the capital.
The sanctions reimposed on Tuesday, which target access to US banknotes and key industries such as cars and carpets, were unlikely to cause immediate economic turmoil.
Iran’s markets were actually relatively buoyant, with the rial strengthening by 20 percent since Sunday after the government relaxed foreign exchange rules and allowed unlimited, tax-free gold and currency imports.
But the second tranche, which kicks in on November 5 and targets Iran’s vital oil sector, could be far more damaging — even if several key customers such as China, India and Turkey have refused to significantly cut their purchases.
In a statement on Monday before the sanctions were reimposed, Trump said he was “open to reaching a more comprehensive deal” with Iran, which covered “its ballistic missile program and its support for terrorism.”
But his Iranian counterpart Hassan Rouhani dismissed the idea of talks while crippling sanctions were in effect.
“They want to launch psychological warfare against the Iranian nation,” Rouhani told state television. “Negotiations with sanctions doesn’t make sense.”
European governments are infuriated by Trump’s strategy, which has prompted many of their large firms to leave Iran for fear of US penalties.
Daimler said it had “suspended our already limited activities in Iran in accordance with the applicable sanctions.”
British Foreign Office Minister Alastair Burt said that the “Americans have really not got this right.”
The nuclear deal was important “not only to the region’s security but the world’s security,” he told the BBC.
Iranian Foreign Minister Mohammad Javad Zarif told reporters the global reaction to Trump’s move showed that the US was diplomatically “isolated.”
Iran ally Syria branded Washington’s move “illegal under international law.”
“The US administration’s policies have a proclivity for hegemony and arrogance,” said a Foreign Ministry official, quoted by state news agency SANA.
Russia’s Foreign Ministry said it was “deeply disappointed” by the return of sanctions, adding that it would do “everything necessary” to save the 2015 nuclear deal.
Zarif on Tuesday welcomed to Tehran his North Korean counterpart, Ri Yong Ho, as Pyongyang also faces US pressure to scrap its nuclear capabilities.
Most Iranians see US ho stility as a basic fact of life, so their frustration is largely directed at their own leaders for not handling the situation better.
“Prices are rising again, but the reason is government corruption, not US sanctions,” said Ali, a 35-year-old decorator in Tehran.
Long-running discontent over high prices, unemployment, water shortages and the lack of political reform has sparked numerous protests over the past week, though verifiable information is scarce due to heavy reporting restrictions.
Many hope and believe that Iran’s leaders will “drink the poison cup” and negotiate with the US eventually.
There have been rumors that Trump and Rouhani could meet in New York in September on the sidelines of the UN General Assembly — though Rouhani reportedly rejected US overtures for a meeting at last year’s event.


Hundreds of Algerian lawyers protest against Bouteflika

Updated 42 min 36 sec ago
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Hundreds of Algerian lawyers protest against Bouteflika

  • They gathered in Algiers’ center, the scene of mass protests for one month
  • Algerians first took to the streets a month ago to protest against Bouteflika’s plan to seek a fifth mandate

ALGIERS: Hundreds of Algerian lawyers protested again on Saturday in the capital to demand the immediate resignation of President Abdelaziz Bouteflika who has been for 20 years in power.
They gathered in Algiers’ center, the scene of mass protests for one month, holding up slogans that read: “Respect the will of the people” and “Yes to a judiciary free from corrupt dignitaries.”
Algerians first took to the streets a month ago to protest against Bouteflika’s plan to seek a fifth mandate.
The 82-year old, who has rarely been seen in public since suffering a stroke in 2013, bowed to the protesters last week by reversing plans to seek re-election.
But he stopped short of quitting as head of state and said he would stay on until a new constitution is adopted. The move further enraged Algerians, and many of Bouteflika’s allies have turned against him.
Some members of the ruling National Liberation Front party, known by its French acronym FLN, have also sided with the demonstrators.
The powerful military has been watching the protests unfold.
The generals have intervened in the past at momentous times, including canceling an election which Islamists were poised to win in 1992, triggering a civil war in which an estimated 200,000 people were killed.
On Friday, hundreds of thousands protested across the North African country.