Rouhani: Entire nuclear-related sanctions removed

Nuclear Program Materials 13 July 2016 14:41 (UTC +04:00)

Tehran, Iran, July 13

By Mehdi Sepahvand – Trend:

Iranian President Hassan Rouhani says the entire nuclear-related sanctions on his country have been lifted.

Speaking in a cabinet session one year after the Joint Comprehensive Plan of Action (JCPOA aka nuclear deal) was reached between Iran and the group 5+1 (the US, UK, France, Russia, China and Germany), Rouhani stressed that Iran will always remain faithful to its commitments under the deal, IRIB news agency reported July 13.

He warned, however, that in case the other parties to the JCPOA fail their obligations, Iran will catch up on its nuclear program in full force in a short notice.

Meanwhile, the Iranian president also hailed the JCPOA as bringing many benefits for global peace and stability.

The Joint Comprehensive Plan of Action was reached by Iran and the P5+1 (China, France, Russia, UK, US plus Germany), and the European Union, in Vienna on July 14, 2015.

“We can call July 14 the day for interaction with the world,” said Rouhani. “On that day, the Islamic Republic of Iran proved to the world that it can rely on its abilities in political affairs and legal areas to resolve complicated international cases through talks and defend the rights of the Iranian nation.”

“If the sanctions had to continue, the country’s oil exports would have neared zero. The sanctions and threats were intensifying on a daily basis as Iran’s nuclear program was growing more and more illegal from [the world’s] standpoint.”

“Thanks to the JCPOA, sanctions on weapons were lifted and now we are able to boost our defense capabilities,” added the president.

Touching upon the status of banking relations following the implementation of the JCPOA, Rouhani expressed regret that hurdles have not been fully removed for Iran to start relations with world banks.