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Iran becomes self-sufficient in handling urban development projects

Business Materials 11 June 2020 14:36 (UTC +04:00)

TEHRAN, Iran, June. 11

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Iran's Minister of Roads and Urban Development Mohammad Eslami said that Iran has reached self-sufficiency in road construction and development projects, despite the US sanctions, Trend reports via IRNA.

“The government's policy is to make the maximum use of domestic companies, experts and human resources to advance the development projects,” Eslami said during the inauguration of several road construction projects in Mazandaran Province, Trend reports citing IRNA.

Eslami pointed out that all the road construction projects are being carried out by local specialists and contractors.

"The experience of the last four decades has taught us that we don't need presence of other external work forces in our development projects. We must stand on our own feet," said the minister.

He went on to say that tightening of sanctions will make Iran more determined to be self-sufficient and will also strengthen the country's ability and discover its own internal capacities.

In January 2016, JCPOA was launched between Iran and the P5+1 group (US, Russia, China, UK, France and Germany) in connection with Iran's nuclear program. In May 2018, the US announced its withdrawal from the deal and imposed sanctions against Iran in November of the same year.

In order to preserve the agreements reached as part of the JCPOA, the European signatories of the deal stated in January 2019 that a financial mechanism for maintaining trade with Iran called INSTEX was formed.

On May 8, 2019, Iran announced that it had ceased fulfilling its commitments regarding the sale of over 300 kilograms of uranium, as stated in the deal, basing its decision on the other signatories having not fulfilled their obligations. On July 7, Iran announced that it will not be fulfilling its commitments regarding the enrichment of uranium at 3.67 percent and the reconstruction of the Arak Heavy Water Reactor Facility as stated in the deal.

On Sept. 5, Iran announced that it will enrich uranium using next-generation centrifuges and will not mix it with the enriched uranium residues as part of the third step of reducing commitments in JCPOA.

On Nov. 5, 2019, Iran announced that it took the fourth step in connection with reducing its commitments to the nuclear agreement. So, uranium gas is being pumped to the centrifuges at the Fordow Fuel Enrichment Plant.

Iran took the last fifth step in reducing the number of its commitments within JCPOA. Iran no longer faces any restrictions on its nuclear program.

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