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'Can't feed my children or pay rent': Impending US sanctions hurt Iranians

70% of small factories, businesses and workshops have already started to shut down in the past months due to lack of raw materials and hard currency


Iranians fear an even more painful squeeze on living costs after additional US sanctions take effect on Monday, from businesses struggling to buy raw materials to the sick and elderly unable to afford life-saving medicines. The United States will reapply curbs to the country’s vital petroleum and banking sectors on Monday in an effort to rein in its arch foe’s nuclear, missile and regional activities. Iran’s clerical rulers have played down the US move, but many ordinary Iranians appear apprehensive. “All the prices are going higher every day ... I ...

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First Published: Sun, November 04 2018. 14:44 IST