Wednesday, 27 February 2013

Economy News Headlines - Yahoo! News: Iran sanctions could distort region's economy for years: report

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Iran sanctions could distort region's economy for years: report
Feb 27th 2013, 14:59

LONDON (Reuters) - 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. "This does not necessarily harm the regime. ...

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