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Iran's parliament criticizes remaining US sanctions

16 Jul 2017 - 16:10


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 the United States and Iran. The two countries, to ensure that the other side fulfilled its requirements, required periodic reports.

In the United States, every 90 days the State Department must provide Congress with a report on Iran’s compliance with the nuclear deal, which is referred to as the Joint Comprehensive Plan of Action in the United States and with the Persian acronym BARJAM in Iran. In April, Secretary of State Rex Tillerson confirmed that Iran was in compliance but cited the country for involvement in regional conflicts. He also said that President Donald Trump ordered the 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 Iran’s side, parliament’s National Security and Foreign Policy Committee was tasked to issue a report on 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. Parliament’s latest report addressed this issue, writing that Iran has access to smaller banks in Europe, but larger banks are still refusing to work with the country.

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Story Code: 268541

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https://www.theiranproject.com/en/article/268541/iran-s-parliament-criticizes-remaining-us-sanctions

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