Trump Administration to Reimpose Last of Sanctions Lifted by Iran Deal By Mairead McArdle
Trump Administration to Reimpose Last of Sanctions Lifted by Iran Deal
The Trump administration will reimpose the rest of the sanctions lifted under the Obama administration’s nuclear deal with early next week, officials announced Friday.
“This part of the campaign about which we’re speaking today is simple: It is aimed at depriving the regime of the revenues that it uses to spread death and destruction around the world,” Secretary of State Mike Pompeo said in a call with reporters.
The 2015 nuclear deal, which was also signed by the U.K., France, Germany, China, and Russia, gave Tehran billions of dollars in relief from sanctions in exchange for a promise to curb its nuclear program. President Trump pulled out of the deal in May, and allowed two periods of 9o and 180 days to let companies phase out their business with Iran.
After the first period, which ended in August, the U.S. reimposed sanctions affecting transactions with U.S. dollar banknotes and trade in gold and precious metals, graphite, and cars. On Monday, the administration will reimpose the more hefty batch of sanctions, affecting the energy, shipping, shipbuilding, and financial sectors.
Eight countries will be granted a waiver from oil and gas sanctions and will still be able to import Iranian oil temporarily, Pompeo said. A list of those countries will be published Monday.
“We expect to issue some temporary allotments to eight jurisdictions, but only because they have demonstrated significant reductions in crude oil and cooperation on many other fronts and have made important moves toward getting to zero crude-oil importation,” the secretary of state said.
Pompeo and Secretary of the Treasury Steven Mnuchin said the sanctions will not be lifted until Iran ends its nuclear program entirely, pulls its forces from Syria, and stops sponsoring terrorism.
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