US waives sanctions on Iran broadcaster

Image
AP Washington
Last Updated : Feb 07 2014 | 11:27 AM IST
The US is temporarily waiving sanctions on Iran's state broadcaster, a senior Obama administration official has said.
The move could be seen as a confidence-building measure as the US, Iran and five other world powers prepare to open talks this month on a final agreement on Iran's disputed nuclear programme.
The official said the move comes after the US determined that "harmful satellite interference" was not currently emanating from Iran.
The US levied sanctions on Islamic Republic of Iran Broadcasting last year, charging that the state-run broadcaster was blocking foreign channels that the government found objectionable and citing human rights groups who say the broadcaster distorted and falsified reports.
The official confirmed the waiver the same day the Treasury Department announced it was penalizing dozens of foreign companies and individuals for evading Iran sanctions.
The targets of the sanctions are located in Turkey, Spain, Germany, Georgia, Afghanistan, Iran, the United Arab Emirates and Liechtenstein.
The broadcasting 180-day broadcasting waiver will allow non-US companies to provide the Iranian broadcaster with satellite services without being exposed to American penalties, according to the official, who was not authorized to discuss the move publicly by name and thus spoke on condition of anonymity.
The official said the actions were reversible if satellite interference from Iran begins again. The US will reevaluate the situation in two months.
The waiver is separate from the USD 7 billion in international sanctions relief Iran secured as part of the six-month nuclear agreement it signed last year with the US, Britain, France, Germany, China and Russia. The parties are due to begin a new round of talks later this month, aimed at working out a final agreement to ease international concerns over Iran's nuclear programme.
It was unclear what the economic impact of the IRIB sanctions waiver would be.
*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: Feb 07 2014 | 11:27 AM IST

Next Story