29 Mar 2024
Sunday 16 July 2017 - 16:10
Story Code : 268541

Iran's parliament criticizes remaining US sanctions

Al-Monitor | Arash Karami: As part of the comprehensive nuclear deal reached two years ago between Iran and the six world powers, Iran agreed to reduce elements of its nuclear program in exchange for sanctions relief. The deal was largely brokered as a result of bilateral talks between theUnited Statesand Iran. The two countries, to ensure that the other side fulfilled its requirements, required periodic reports.

In the United States,every 90 daysthe State Department must provide Congress with a report on Irans compliance with the nuclear deal, which is referred to as the Joint Comprehensive Plan of Actionin the United States and with the Persian acronym BARJAM in Iran. In April, Secretary of State Rex Tillerson confirmed thatIran was in compliancebut cited the country for involvement in regional conflicts. He also said that President Donald Trump orderedthe National Security Council to review whether or not continuing to suspend the nuclear sanctions on Iran was vital to the national security interests of the United States.

On Irans side, parliaments National Security and Foreign Policy Committeewas tasked toissue a reporton the nuclear deal every six months. A consistent problem for Iran has been that large banks continue to be cautious of doing business with Iran due to remaining US sanctions not related to the nuclear deal. Parliaments latest report addressed this issue, writing that Iran has access to smaller banks inEurope, but larger banks are still refusing to work with the country.

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