News World PA: US reimposes all Iran sanctions lifted under nuclear deal

PA: US reimposes all Iran sanctions lifted under nuclear deal

The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal, PA said.

The sanctions will take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the second batch of penalties that the administration has reimposed since President Donald Trump withdrew from the landmark deal in May.

With limited exceptions, the sanctions will penalize countries that don’t stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including Iran’s central bank, a number of private financial institutions and state-run port and shipping companies.

Secretary of State Mike Pompeo said the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.” He has released a list of 12 demands that Iran must meet if it wants the sanctions lifted. They include ending support for terrorism, ending military engagement in Syria and completely halting its nuclear and ballistic missile development.

“Maximum pressure means maximum pressure,” he said.

Pompeo said eight nations, which other officials identified as U.S. allies such as Italy, India, Japan and South Korea, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period as long as they end such imports entirely. He said those countries had made efforts to eliminate their imports but could not complete the task by Monday’s deadline.

Treasury Secretary Stephen Mnuchin said 700 more Iranian companies and people would be added to the sanctions lists under the reimposed sanctions.

Iran hard-liners in Congress and elsewhere probably will be disappointed in the sanctions because they were pushing for no oil import waivers as well as the complete disconnection of Iran from the main international financial messaging network known as SWIFT.

Mnuchin defended the move to allow some Iranian banks to remain connected to SWIFT, saying that the Belgium-based firm had been warned that it will face penalties if sanctioned institutions are permitted to use it.

Pompeo and Mnuchin both said the sanctions will have exceptions for humanitarian purchases.

(Press Association)

Read more:

https://in-cyprus.com/news/international/world-court-orders-u-s-to-ensure-iran-sanctions-dont-hit-humanitarian-aid/

Top Stories

Flight ban extended by decree ahead of official flights relaunch on June 9

The Transport Ministry has extended the ban on flights by 11 days through a new decree on Tuesday to cover the interim period from...

Cyprus: High number of fatalities in collisions involving goods vehicle

    Cyprus'  percentage in fatalities in collisions involving a goods vehicle is among the highest in the EU according to figures included in a report...

Virgin Orbit fails first rocket launch attempt from modified plane

Richard Branson's Virgin Orbit company aborted its first attempt to launch a rocket into space from the belly of a 747 airplane on Monday,...

Cyprus to deport 17 migrants suspected of terror links

  Cyprus will deport 17 migrants who are being held on suspicion of having links to extremist groups or involved in acts of terror, the...

Latest on the worldwide spread of the coronavirus

Latest update: 26/05/2020 08:23 European countries need to join forces to shield their banks, one of the bloc's top regulators said, potentially using a 500...

Taste

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...