The United States extended economic sanctions against Iran for another year

US President George Bush signed a decree on the extension for another year of sanctions against Iran, which forbid American companies to conduct almost all financial and economic operations with this country.

In this statement, he said that he made such a decision, since the actions of the Iranian government still pose an "extraordinary threat to national security, foreign policy and the United States economy."

Sanctions against Iran were imposed by President Bill Clinton back in 1995, and since then they are regularly resumed. Now the United States allow its firms to export to Iran only agricultural products and medications and import black caviar, pistachio nuts and carpets from there.

The most significant aspect of sanctions is the ban on the participation of American business in the development of Iranian oil and gas fields, ITAR-TASS reports.

At the beginning of last year, Bush ranked Iran along with Iraq and the DPRK to the “Evil axis”. In the current statement, he noted that the crisis in bilateral relations that arose in connection with the Iranian “support of international terrorism, attempts to undermine the peace process in the Middle East and the desire to get weapons of mass destruction” has not yet been settled.