Iranian Rohani's honeymoon amid continuing western sanctions
Just less than one month after winning the Iranian election, President-elect Hassan Rohani faced the most stringent new round of sanctions the U.S. has ever imposed against the country. The law signed in January as part of the annual national defence authorisation act, targets Iranian energy, shipping and shipbuilding sectors barring the sale, supply or transfer of 'significant' goods or services by non-U.S. companies and also Iran's national currency, rial, WSJ reported on July 1. Rohani, whose victory in election race was won with a 'moderate policy and eliminating the nuclear dispute' slogan, has been welcomed by both the Iranian opposition and international community, it is not clear how he would he realise Iranians hope for the elimination of sanctions and solving the economic problems? President Ahmadinejad's legacy for Rohani includes a 1.9 per cent economic contraction in 2012, over three million unemployed citizens, 40 per cent closed industry un