Study: Iran sanctions could distort region's economy for years - Israel News, Ynetnews
 
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Study: Iran sanctions could distort region's economy for years

Published: 02.27.13, 17:50 / Israel News

Sanctions on Iran are so intricately woven that they will be very hard to untangle, while their impact in swelling Iran's black economy could undermine regional stability for years to come, the International Crisis Group says in a new report.

Describing the "unintended consequences" of sanctions, the report noted that those with the best access to state resources, including the elite Revolutionary Guards (IRGC), had been best placed to circumvent the sanctions, while smuggling networks had become an integral part of the economy. (Reuters)

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