Thursday, July 31, 2014   

Sanctions eased on Iran after nuclear pullback
(01-21 09:21)

The United States approved a waiver to ease sanctions on Iran, its part of an international deal after the Islamic republic began imposing restraints on its suspect nuclear program.
“Iran has begun to take concrete and verifiable steps to halt its nuclear program,'' State Department spokeswoman Jen Psaki said, adding it was “an unprecedented opportunity'' to resolve global concerns over the atomic program, AFP reports.
US Secretary of State John Kerry has approved the waiver, which will allow limited relief to help Iran's crippled economy, and it would be sent to Congress on Monday, she added.
Earlier Monday, Iran announced it had halted production of 20 percent enriched uranium, marking the entry into force of the landmark interim deal with world powers.
White House spokesman Jay Carney said the actions “represent the first time in nearly a decade that Iran has verifiably enacted measures to halt progress on its nuclear program, and roll it back in key respects.’’
“Iran has also begun to provide the IAEA with increased transparency into the Iranian nuclear program, through more frequent and intrusive inspections and the expanded provision of information to the IAEA.''
In return, the United States and the European Union each announced an easing to sanctions as negotiated with world powers under the six-month deal reached on November 24.
During the six months, Iran and the P5+1 group of powers, including the US, China, Russia, France, Britain and Germany, will attempt to negotiate a trickier long-term accord to end the nuclear standoff with Iran and avert a possible war.
   
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