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Weapons of Mass Destruction (WMD)

US Treasury Lifts Sanctions Imposed on Iran's Central Bank, Oil Trade

Sputnik News

02:33 17.01.2016(updated 02:45 17.01.2016)

US Department of the Treasury released a set of documents, which define the sanctions lifted from Iran, including the restrictions imposed on Central Bank of Iran and National Iranian Oil Company.

WASHINGTON (Sputnik) – US Department of the Treasury (DoT) released a set of documents, which define the sanctions lifted from Iran, including the restrictions imposed on Central Bank of Iran and National Iranian Oil Company, because of the Joint Comprehensive Plan of Action (JCPOA) implementation.

'In particular, beginning on Implementation Day, the following activities by non-U.S. persons are no longer sanctionable: Financial and banking transactions with individuals and entities set out in Attachment 3 to Annex II of the JCPOA, including: the Central Bank of Iran (CBI)and other specified Iranian financial institutions; the National Iranian Oil Company (NIOC), the Naftiran Intertrade Company (NICO), the National Iranian Tanker Company (NITC), and other specified individuals and entities,' the DoT said in one of the documents on Saturday.

The DoT's measures also allow Iran to sell its oil to the third countries as well as to import civilian airliners.

According to a high-ranking representative of the administration of US President Barack Obama, the sanctions have been lifted from more than 400 individuals and entities, but some 200 people related to Iran will be on the sanction list.

On July 14, Iran and the P5+1 group of countries comprising the United States, Russia, China, France and the United Kingdom plus Germany, signed the JCPOA. The agreement guarantees the peaceful nature of Iran's nuclear program in exchange for sanctions relief.

Sputnik



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