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The US Has Imposed Sanctions on Iran’s Petrochemical Network

Emirates. Sanctions were also imposed on two people, Jingfeng Gao of China and Mohammad Shaheed Ruknooddin Bhore of India, freezing all US assets in their names and prohibiting Americans from doing business with them.

The penalties come as Washington prepares to resume talks with Iran on the revival of an Obama-era multination nuclear accord aimed at preventing the Middle Eastern country from obtaining nuclear weapons.

In a statement, State Secretary Antony Blinken said, “The Biden administration has been serious and committed in pursuing a path of meaningful return to full implementation of the Joint Comprehensive Plan of Action.” “In the absence of a settlement, we will continue to exercise our sanctions authorities to restrict Iranian oil, petroleum products, and petrochemical exports.”

The multilateral JCPOA was reached with Tehran in 2015, limiting Iran’s nuclear fuel production in exchange for sanctions relief.

However, three years later, President Donald Trump’s successor, President Barack Obama, withdrew the US from the agreement, calling it “defective at its core” and reimposing sanctions.

Iran has repeatedly broken its obligations under the agreement, and the International Atomic Energy Agency’s director-general, Rafael Mariano Gross, said earlier this month that Iran has removed 27 surveillance cameras from nuclear sites across the country, implying that it is moving even further away from the agreement.

In a statement, Brian Nelson, the under secretary of the Treasury for Terrorism and Financial Intelligence, said, “The United States is pursuing the road of constructive diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action.” “The US will continue to uncover the networks that Iran employs to hide its sanctions-evasion activities.”

ECONOMY

Emirates. Two people, Jingfeng Gao of China and Mohammad Shaheed Ruknooddin Bhore of India, were also sanctioned, with all US assets in their names frozen and Americans barred from doing business with them.

The sanctions come as the US prepares to resume discussions with Iran on reviving an Obama-era multination nuclear agreement aimed at stopping Iran from gaining nuclear weapons.

“The Biden administration has been serious and committed in pursuing a path of significant return to full implementation of the Joint Comprehensive Plan of Action,” State Secretary Antony Blinken said in a statement. “In the absence of a deal, we will continue to use our sanctions authority to limit Iranian oil, petroleum products, and petrochemical exports,” he said.

In 2015, the international Joint Comprehensive Plan of Action (JCPOA) was negotiated with Tehran, capping Iran’s nuclear fuel output in exchange for sanctions relief. President Donald Trump’s successor, Barack Obama, withdrew the US from the pact three years later, declaring it “defective at its heart” and reimposing sanctions.

Iran has repeatedly broken its obligations under the agreement, and the director-general of the International Atomic Energy Agency, Rafael Mariano Gross, announced earlier this month that Iran had removed 27 surveillance cameras from nuclear sites across the country, implying that it is moving even further away from the agreement.

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“The United States is following the road of constructive diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action,” Brian Nelson, the under secretary of the Treasury for Terrorism and Financial Intelligence, said in a statement. “The United States will continue to expose the networks used by Iran to conceal its sanctions-evasion activities.”

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