Written by Staff Writer
17 Jan, 2016 | 6:07 am
The European Union’s foreign policy chief and the Iranian foreign minister said on Saturday (January 16) that a historic deal between Iran and six world powers to lift crippling sanctions on the Islamic Republic in exchange for it drastically shrinking its nuclear programme had gone into force.
Federica Mogherini read her statement to journalists in Vienna. Mohammad Javed Zarif then read the same statement in Farsi.
“Today we have achieved Implementation Day of the Joint Comprehensive Plan of Action. Ever since adoption day we worked hard and showed mutual commitment and collective will to finally bring the JCPOA to implementation. Today almost exactly six months after the finalisation of this historic deal the International Atomic Energy Agency has verified that Iran has implemented its nuclear-related commitments under the JCPOA. As Iran has fulfilled its commitments today multinational and national economic and financial sanctions related to Iran’s nuclear programme are lifted in accordance with the JCPOA,” Mogherini and Zarif said referring to the deal sealed last July.
Sanctions on Iran by the United States, United Nations and European Union will be lifted within hours or days.
Mostly imposed in the last five years, the sanctions have cut off the country of 80 million people from the global financial system, reduced oil producer Iran’s exports and imposed severe economic hardship on ordinary Iranians.
The strengthening of Iran’s economy could shift the geopolitical balance of the Middle East where Iran is the leading Shi’ite Muslim power and its allies are fighting proxy wars in Iraq, Syria and Yemen against those who back its main Sunni Muslim regional rival, Saudi Arabia.
The sanctions deal is viewed with deep suspicion by U.S. allies in the Middle East including Israel and Saudi Arabia. It is, however, supported by Washington’s European allies, who joined Obama earlier in his presidency in tightening sanctions as part of a joint strategy to force Tehran to negotiate.
The Obama administration says the deal reached last July offered the best possible prospect of ensuring Iran would not develop a nuclear weapon.
Iran denies its nuclear programme was aimed at obtaining an atomic bomb.
20 Jul, 2019 | 09:55 AM
20 Jul, 2019 | 08:35 AM
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