SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 12 Jan, 2018  

USA.Border.Thmb.jpg US may reimpose sanctions on Iran: Official

Iran.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 12 Jan, 2018
The US is planning to reimpose sanctions on Iran, an official said ahead of President Donald Trump's decision on sanctions relief on Tehran under the 2015 nuclear deal.

"I am expecting new sanctions on Iran. We continue to look at them. We've rolled them out," US Treasury Secretary Steven Mnuchin told reporters on Thursday at a White House briefing.

Mnuchin's remarks came as the world was waiting for Trump to decide if he would reimpose sanctions on Iran, a move that might endanger the landmark Iran nuclear deal.

Trump's decision was expected to be made at a Thursday meeting, Xinhua quoted US State Department spokesperson Stephen Goldstein as saying.

"I'm not sure when the announcement will be, whether it will be tonight, or whether it will be tomorrow. But we do expect a decision to be made later today," Goldstein told reporters.

In a telephone conversation with Trump on Thursday, French President Emmanuel Macron reiterated "the determination of France to support the strict implementation of the 2015 Iran nuclear agreement and the importance of it being respected by all signatories," said the Elysee Palace.

In July 2015, after a decade of strenuous negotiations, Iran and six major countries -- China, Russia, Britain, France, the US and Germany, struck a final agreement on Iran's controversial nuclear program, in which the West promised to relieve sanctions on Tehran in exchange for a halt in Iran's efforts to develop a nuclear weapon.

However, as one of the most significant diplomatic legacies of Trump's predecessor Barack Obama, the hard-won nuclear deal formally known as the Joint Comprehensive Plan of Action (JCPOA) has been running the gauntlet of Trump on his campaign trail and since he became president.

In October, Trump announced that he had decided to decertify Iran's compliance with the pact.

His move triggered a 60-day window for Congress to decide whether to reimpose sanctions on Iran. Reimposing sanctions would mean violating the Iran nuclear deal on the US side.

The Congress did not come up with any resolution, thus passing the ball back to Trump, who should decide on Friday if he would like to waive energy sanctions on Iran.

Despite the Iran nuclear deal, the US has kept on slapping separate sanctions on Iran, accusing the country of having a ballistic missiles program as well as human rights abuses.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter