Iranian businesses have found ways around US sanctions, trading through opaque channels that skirt Washington's penalties.
TEHRAN — Like most other American businesses, Apple doesn't have a store in Iran and doesn't sell its products in a country targeted with toughBut at a shop in Tehran, Iranians can buy an array of Apple tech gadgets, including iPhones and Mac laptops.
Holt traveled to Tehran to get a first-hand look at how Iranians are adapting to the sanctions and how they view the United States at a moment ofThe Trump administration says U.S. sanctions don’t apply to mobile phones or other personal communication devices. But many big U.S. and Western firms have stayed away from the Iranian market, anxious to avoid running afoul of an array of restrictions introduced in the past two years.
"To be honest with you, the economy has shown great resilience," Razzaghi said, partly due to gray market trading. Unlike Venezuela, he said, Iran's economy is not spiraling out of control. "The Iranian currency lost a lot of its value, and the prices of everything, including food items, housing, automobiles, everything have jumped," Hatami said."And it's very hard for ordinary Iranians to afford the life that they used to have just two years ago."
But Arash Ahmadian, head of the Mahak Pediatric Cancer Center, scoffed at the administration's stance, saying that strict U.S. financial sanctions have spooked foreign banks from touching any transaction with Iran, even for those permitted under the sanctions laws."It's a joke I think, it's a joke. Because we don't have any channel for paying money for buying pharmaceuticals," Ahmadian said.
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