dglobalnews.com With waiver, US lets Iran keep getting benefits of nuke deal
Published: Fri, May 26, 2017
Markets | By Armando Jensen

With waiver, US lets Iran keep getting benefits of nuke deal

With waiver, US lets Iran keep getting benefits of nuke deal

U.S. President Donald Trump on Wednesday extended wide sanctions relief for Iran called for under a 2015 worldwide nuclear deal even as he imposed narrow penalties on Iranian and Chinese figures for supporting Iran's ballistic missile program.

Stuart Jones, the top United States diplomat in charge of the Middle East, said the usa is still forming a "comprehensive Iran policy" that addresses Iran's support for Syrian President Bashar Assad's government and Islamic terror groups in Lebanon, Iraq, and Yemen.

Under the law, these sanctions can be waived for a maximum of 120 days.

Some of those waivers come up for review this week, for the first time since Trump was elected after warning during his presidential campaign that he might rip up the agreement. The Trump administration will have to waive more sanctions next month if it wants to stick by the nuclear deal.

"As we continue to closely scrutinize Iran's commitment to the JCPOA and develop a comprehensive Iran policy, we will continue to hold Iran accountable for its human rights abuses with new actions", the report states.

Since taking office, the Trump administration has certified that Iran is "compliant" with the deal, but has ordered an interagency review of US-Iran policy.

Foreign Minister of Iran Mohammad Javad Zarif calls US sanctions bluff.

The Trump administration said on Wednesday it will continue granting nuclear sanctions relief to Iran, keeping the Obama-era nuclear deal intact for now.

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Remaining, unilateral USA sanctions imposed over Iran's record on human rights, terrorism and ballistic missiles development has scared many would-be foreign investors seen as indispensable to reviving an economy stunted by many years of isolation.

Although oil sales have rebounded since the deal came into effect in January 2016, Iran's continued exclusion from the global banking system has prevented it from signing much needed trade and investment deals with Europe and Asia. "Above all, the United States will never allow the regime in Iran to acquire a nuclear weapon". Jones statement coincided with the Department of Treasury's announcement of new sanctions related to Iran's ballistic missile programme.

The foreign ministry spokesman slammed the US' "ill will" efforts to undercut the progress made in the aftermath of the deal, just a day before the presidential elections in the Islamic Republic.

New sanctions also have been leveled on a Chinese-based network believed to be supporting Iran's ballistic missile program via "millions of dollars' worth of missile-applicable items".

Ruan Runling, a Chinese national, and three Chinese companies were sanctioned for their proliferation activities in support of a key designated Iranian defence entity, the Treasury statement said.

The same day that Mr Trump heads overseas, Iran is holding its first presidential election since the completion of the nuclear agreement.

"We reiterate our call that Iran remains one of the most underappreciated political risks in the oil market". Its the USA government accuses podderjke program on creation of ballistic missiles in Iran.

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