Iran under sanctions: no money for medicine but luxury cars aplenty

Custom documents show that Iran spent subsidised dollars on luxury goods as the ministry of health scrambled for supplies In 2012, the United States and European Union introduced new financial and energy sanctions designed in part to curb Iran's oil exports. The US threatened foreign financial institutions dealing with Iran's Central Bank, making it hard for Iranian companies to acquire the dollars needed to buy imports. In any case foreign currency dried up, because the sanctions halved Iran's ...