Tuesday July 16, 2019
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Iran submits papers on its nuclear program to IAEA

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Vienna, Iran has provided the International Atomic Energy Agency (IAEA) with documents to clarify the controversial issues regarding its nuclear program, the UN nuclear watchdog said.
“Iran today provided the IAEA with its explanation in writing and related documents as agreed in the road-map for the clarification of past and present outstanding issues regarding Iran’s nuclear program,” Tass news agency quoted the IAEA as saying on Saturday.

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The road-map is a part of the deal between Iran and six world powers (five permanent UN security council members and Germany) reached on July 14 in Vienna, Austria.

IAEA chief Yukiya Amano said earlier that with the cooperation of Tehran, the watchdog could make an assessment of issues relating to possible military dimensions to Iran’s nuclear program by the end of 2015.

This road-map envisages that international experts will be able to hold consultations with technical experts of Iran’s nuclear sector and also get one access to the military facility in Parchin.

In July, the UN security council has unanimously adopted the resolution in support of the agreement on Iran’s nuclear programme.

According to the document, all international sanctions will be lifted from Iran in 10 years if Tehran fulfills all conditions agreed with P5+1 group of international mediators in Vienna.

The resolution also envisages easing sanctions against Iran after the IAEA submits a report confirming Tehran’s compliance with the terms of the deal.

The UN security council also reinforced the mechanism of returning all restrictions in case Iran violates the terms of the agreement.

(IANS)

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US Hits Iran with New Sanctions; Petrochemicals Targeted

Washington is pressuring Iran over its nuclear and ballistic missile program

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US, Iran, Petrochemicals
FILE - A man walks past the Mahshahr petrochemical plant in Khuzestan province, southwest of Tehran, Iran. VOA

The United States on Friday imposed new sanctions on Iran targeting the country’s petrochemical industry, including its largest petrochemical holding group, over its financial support for the Islamic Revolutionary Guard Corps (IRGC), the Treasury Department said.

Washington is pressuring Iran over its nuclear and ballistic missile program and for waging proxy wars in other Middle Eastern countries. The new measures follow a round of sanctions imposed last month that targeted the Islamic Republic’s export revenues from industrial metals.

Tensions between the two countries worsened last month when the Trump administration ordered the deployment of an aircraft carrier strike group, bombers and Patriot missiles to the Middle East, citing intelligence about possible Iranian preparations to attack U.S. forces or interests.

The Pentagon has also accused the IRGC of being directly responsible for May 12 attacks off the United Arab Emirates coast that damaged two Saudi tankers, an Emirati vessel and a Norwegian tanker.

US, Iran, Petrochemicals
The United States on Friday imposed new sanctions on Iran targeting the country’s petrochemical industry. Pixabay

Friday’s sanctions target Persian Gulf Petrochemical Industries Company (PGPIC) for providing financial support for the economic arm of the IRGC, Iran’s elite military unit in charge of Iran’s ballistic missile and nuclear programs.

The U.S. Treasury also designated the holding group’s network of 39 subsidiary petrochemical companies and foreign-based sales agents. PGPIC and its subsidiaries hold 40% of Iran’s petrochemical production capacity and are responsible for 50% of Iran’s petrochemical exports, it said.

“By targeting this network we intend to deny funding to key elements of Iran’s petrochemical sector that provide support to the IRGC,” U.S. Treasury Secretary Steven Mnuchin said in a statement.

The Treasury statement said Iran’s oil ministry last year awarded the IRGC’s Khatam al-Anbiya, the IRGC’s economic and engineering arm, 10 projects in oil and petrochemical industries worth $22 billion, four times the official budget of the IRGC.

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President Donald Trump last year pulled out of a 2015 agreement between Iran and world powers to curb its nuclear program in exchange for easing some sanctions, saying it did not go far enough.

The Trump administration has since taken several unprecedented steps to squeeze Iran, such as demanding the world halt all imports of Iranian oil and designating the IRGC as a foreign terrorist organization, which Iran has cast as an American provocation.

U.S. law already punished U.S. persons who deal with the IRGC with up to 20 years in prison because of the group’s designation under the Specially Designated Global Terrorist list, a different sanctions program. (VOA)