ibusinesslines.com March 18, 2018

Trump Extends Sanctions Waiver On Iran For Another 90 Days

14 January 2018, 12:02 | Erica Roy

A woman in Tehran walks past a mural on the wall of the former US embassy

A woman in Tehran walks past a mural on the wall of the former US embassy

"Fourth, the legislation must explicitly state in United States law - for the first time - that long-range missile and nuclear weapons programmes are inseparable, and that Iran's development and testing of missiles should be subject to severe sanctions".

"Iran strongly announces that it will make no measure beyond its JCPOA commitments and will make no changes in the nuclear deal neither now nor in the future", the statement read.

The ultimatum puts pressure on Europeans, key backers of the 2015 nuclear deal, to satisfy Trump, who wants the pact strengthened with a separate agreement within 120 days.

However Mr Trump said this is the last time he will waive such sanctions and challenged European allies to agree a series of new requirements on Iran.

Iran's Ministry of Foreign Affairs said in a statement that it would not accept any renegotiation of the Joint Comprehensive Plan of Action (JCPOA), otherwise known as the 2015 nuclear deal, and promised a response to new USA sanctions. "Ballistic capability is the only deterrent against enemy threats in the situation that the Islamic Republic of Iran has agreed to have no nuclear weapons", he clarified. Iranian officials have said they are not considering making the missile program negotiable.

China hopes the landmark agreement, which curbed Iran's nuclear enrichment program in exchange for sanctions relief, will be "universally supported" and the worldwide community will "fully recognize the efforts made by Iran to implement it".

Six individuals briefed on the matter - two congressional aides, two administration officials and two outside experts - refused to speak publicly on the issue but said that Trump's decision is not yet official and is still subject to last-minute changes, the Associated Press reported. "The Iranian nuclear deal as we're talking about here had nothing really to do with either the ballistic missile program or Iranian actions in the Middle East, in say Syria or other places in the Middle East". The Treasury Department's action hits 14 Iranian officials and companies and businessmen from Iran, China and Malaysia, freezing any assets they have in the US and banning Americans from doing business with them.

Russian Federation - one of the parties to the Iran pact alongside the United States, China, France, Britain, Germany and the European Union - called Trump's comments "extremely negative".

President Trump has called it the "worst deal ever", accusing Tehran of breaching the terms and threatening to reimpose those sanctions.

Continuing to maintain and implement the Iran nuclear deal is the responsibility of all parties concerned, and is the common wish of the worldwide community, said Wang, adding that this will help uphold global non-proliferation regime, maintain regional peace and stability as well as solve other hot issues in the world.

The EU's foreign affairs chief, Federica Mogherini, said, "The deal is working - it is delivering on its main goal which means keeping the Iranian nuclear program in check and under close surveillance".

Iran said on Saturday it would retaliate against the new sanctions, although it did not specify how.

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