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Iran says West implementing JCPOA with errors

Politics Materials 16 August 2016 18:12 (UTC +04:00)
Iran’s Deputy Foreign Minister Abbas Araqchi has said there are some errors in the implementation of the Joint Comprehensive Plan of Action (JCPOA, aka nuclear deal) from the opposite side.
Iran says West implementing JCPOA with errors

Tehran, Iran, Aug. 16

By Mehdi Sepahvand – Trend:

Iran’s Deputy Foreign Minister Abbas Araqchi has said there are some errors in the implementation of the Joint Comprehensive Plan of Action (JCPOA, aka nuclear deal) from the opposite side.

“The legal procedures in the JCPOA are adopted according to the discernment of the JCPOA Implementation Monitoring Council. We are pursuing the entire errors within the Joint Committee,” Araqchi said, ICANA news agency reported Aug. 16.

The JCPOA Implementation Monitoring Council is a body of Iranian officials tasked with inspecting the implementation of the deal, while the Joint Committee is a body of representatives from Iran and the group 5+1 (the US, the UK, France, Russia, China, and Germany).

“Many of the errors have been erased. In the field of insurance, for example, almost all problems are solved as well as some problems in banking and finance,” the deputy foreign minister stated.

Tehran has been criticizing the West for dragging its feet in fulfilling its part of the nuclear deal, saying the country has not received the promised sanctions relief.

The accord, which took effect in January, ended decades of economic sanctions against Iran in exchange for restrictions on its nuclear program.

However, months into the JCPOA’s implementation, Iran complains that the promised economic benefits have yet to materialize and that it still does not have access to global financial markets.

Many international banks still shy away from financing trade deals and processing transactions for fear of the US penalties.

Tehran has warned it can restore all those aspects of its nuclear program that it has agreed to limit under the deal with the six world powers if the agreement is violated by those countries.

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