Sanctions on Iran lifted by United States

Broad sanctions against Iran have been lifted by the United States after years of negotiating, although a small number of more limited sanctions were imposed on Sunday evening.

The lifting of trade restrictions means Iran can re-enter the global oil market, its ships will be able to use foreign ports, and it will be able to access world financial markets.

In return Iranians, who are hoping the deal will boost economic growth, are giving up nuclear weapons capabilities.

“This is a good day,” said President Obama in a televised address from the White House. “We have a rare chance to pursue a new path, a different, better future that delivers progress for both our peoples and the wider world.”

The fresh sanctions introduced on Sunday, far narrower in scope than those lifted the same day, were because Iran violated a ban on missile testing in October.

Three Americans held captive in Tehran were also released as part of the increasingly friendly diplomatic relations between the two countries.

Jason Rezeian, a Washington Post journalist, and two others landed at Geneva airport on Sunday evening.

Armenian foreign minister Edward Nalbandian was positive about the opportunities which the lifting of sanctions might bring.

“‎Armenia is keen to deepen its mutually beneficial cooperation with friendly ‪‎Iran,” he said. 

Iran shares a land border with Armenia and Azerbaijan, as well as Afghanistan, Iraq, Pakistan, Turkey and Turkmenistan. 

source: commonspace.eu

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Putin makes first visit to Kursk since Russia recaptured region

Putin makes first visit to Kursk since Russia recaptured region

Russian President Vladimir Putin visited Kursk for the first time since Moscow claimed to have completely recaptured the region following a surprise incursion by Ukrainian forces last year, Russian state news agency TASS reported on Wednesday. Putin met with municipal leaders in the city of Kurchatov and visited the Kursk nuclear power plant, which is currently under construction, the Kremlin said, according to TASS.

Popular

Editor's choice
News
Putin makes first visit to Kursk since Russia recaptured region

Putin makes first visit to Kursk since Russia recaptured region

Russian President Vladimir Putin visited Kursk for the first time since Moscow claimed to have completely recaptured the region following a surprise incursion by Ukrainian forces last year, Russian state news agency TASS reported on Wednesday. Putin met with municipal leaders in the city of Kurchatov and visited the Kursk nuclear power plant, which is currently under construction, the Kremlin said, according to TASS.