Iran: Nuclear sanctions may have been eased but primary US embargo to stay

Adam Szubin, the acting under secretary of the Treasury Department, said the embargo long pre-dates Washington's concerns with Iran's nuclear programme

IANS May 26, 2016 10:58:39 IST
Iran: Nuclear sanctions may have been eased but primary US embargo to stay

Washington: The US has lifted all nuclear-related sanctions as promised in the nuclear deal with Iran, but has not changed the primary US embargo on Tehran, said an official of the US Treasury Department on Wednesday.

The US will continue to prohibit Americans from investing in Iran, importing or exporting to Iran most goods or services, or otherwise engaging in commercial or financial dealings with most Iranian persons or companies, Xinhua quoted Adam Szubin, acting under secretary of the Treasury Department, as saying.

He said the embargo long pre-dates Washington's concerns with Tehran's nuclear programme.

Iran Nuclear sanctions may have been eased but primary US embargo to stay

A file photo of Adam Szubin. Reuters

"Along these lines, let me also say clearly that we have not promised, nor do we have any plans, to give Iran access to the US financial system," Szubin said before the House Committee on Foreign Affairs.

On Joint Comprehensive Plan of Action, Szubin reiterated that it was in the national security interest of the US to ensure that the deal "works as intended and stands the test of time".

"Iran's breakout time has been extended to beyond one year, and we are all safer because of it," he said.

On Saturday, Iranian Foreign Minister Mohammad Javad Zarif urged the US and the European countries to take practical steps to implement the nuclear deal.

The countries involved in the nuclear talks and the concluding agreement with Iran have abided by their JCPOA commitments, however, Iran expects more practical steps from them, Zarif said.

Updated Date:

also read

Unable to send COVID-19 vaccines as India needs time to review its legal provisions, says US
India

Unable to send COVID-19 vaccines as India needs time to review its legal provisions, says US

The Joe Biden administration has announced it will share 80 million doses from its domestic stockpile with countries around the world, including India

Afghanistan quagmire: China making moves to secure its interests but do not count out India yet
World

Afghanistan quagmire: China making moves to secure its interests but do not count out India yet

It is being suggested that India has reached a fork in the road in Afghanistan and must either sup with the Taliban or pack its bags and leave

In Donald Trump's recasting of 6 January insurrection, attackers become martyrs and heroes
World

In Donald Trump's recasting of 6 January insurrection, attackers become martyrs and heroes

The fact inversion about the siege is the latest in Trump's contorted oeuvre of the 'big lie' compendium, the most specious of which is that the election was stolen from him, when it was not