The U.S. introduced new sanctions against Iran to complement a sanctions resolution passed by the UN Security Council, while the European Union announced that it will unveil sanctions today that go beyond the UN sanctions. The U.S. has said that the new sanctions are not meant to punish the Iranian population but force Iranian leaders to negotiate over its nuclear development program. Iran has proved highly adaptive to sanctions in the past, in particular through elaborate fronts and renaming schemes established by Iranian banks and shipping companies.

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