Iran says it will respond to US sanctions renewal

Image
AFP Tehran
Last Updated : Dec 02 2016 | 5:32 PM IST
Iran today said that Congress's decision to renew US sanctions for 10 years was a violation of last year's nuclear agreement and promised an "appropriate" response.
"As repeatedly stated by high-ranking Iranian officials, the recent bill passed by the House of Representatives and the Senate to renew sanctions against Iran is against the (nuclear deal)," foreign ministry spokesman Bahram Ghasemi said.
"Iran has proved that it sticks to its international agreements but it also has appropriate responses for all situations."
The Iran Sanctions Act passed the Senate 99-0 yesterday, after easily clearing the House of Representatives last month.
President Barack Obama is expected to sign the measure, a White House official said, adding that the administration does not believe the extension violates the nuclear deal.
The legislation does not directly address the nuclear pact. But some say the restrictions in the bill go against the spirit of the agreement, under which Tehran curbed its nuclear programme in exchange for sanctions relief from the United States and other nations.
The bill includes penalties against Iran's banking sector, as well as its energy and defence industries.
Senate Democrats Dianne Feinstein and Tim Kaine, who both backed the nuclear deal, said that while the president was currently waiving some sanctions as part of the agreement, "sanctions legislation must remain in place to allow an immediate snap-back" in the event of any violation by Iran.
The head of Iran's Atomic Energy Organisation, Ali Akbar Salehi, said the US sanctions legislation "does exist but its effect has been currently neutralised by the US president".
"If it becomes operational again, it's a clear violation," he told state television.
Supreme leader Ayatollah Ali Khamenei said last month that he considered the sanctions bill a breach of the nuclear deal and warned Iran would "react against it".
US President-elect Donald Trump heavily criticised the pact as he campaigned for the White House over the past year. Several fellow Republicans have called for its termination.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 02 2016 | 5:32 PM IST

Next Story