News

Iran details plan to verify US lifting of sanctions

April 9, 2021 05:52 PM


Twitter Share Facebook Share WhatsApp Share

Iran plans to verify whether the US is actually lifting sanctions through oil exports and via international banking transactions, a member of Tehran's negotiating team said in an interview published Friday.

The team has been holding talks in Vienna with representatives of the other parties to a 2015 nuclear accord on how to reintegrate Washington into the deal and to end crippling sanctions and Iran's countermeasures.

US President Joe Biden has said he is ready to reverse the 2018 decision of his predecessor Donald Trump to withdraw from the agreement and reimpose unilateral sanctions.

Tehran's official position, announced by supreme leader Ayatollah Ali Khamenei, is to fall back in line with obligations it suspended only after verifying that "all sanctions" are "truly lifted".

"Verification means that, for instance, the Islamic republic must be able to sign its oil contracts and export it and bring in its revenues via banking channels or consider other uses for it," said Kazem Gharibabadi, Iran's ambassador to the UN's nuclear watchdog and a delegation member.

"Or, in the banking sector, (Iran must) be able to conduct its financial transactions using different financial channels," he said, quoted by Khamenei's official website.

Gharibabadi stressed it was "the only way we can make sure that sanctions have been lifted in action" and not only "on paper".

Iran demands the lifting of all US sanctions, including those reimposed by Trump, "new sanctions" by the administration, and "sanctions imposed using non-nuclear excuses", he said.

Trump blacklisted dozens of Iranian entities in addition to blocking Iran's oil exports and virtually all banking ties -- sanctions that had been lifted in 2016 under the accord curbing its nuclear programme.

According to Gharibabadi, Iran is exploring options in the Vienna talks to prevent a potential repeat of what happened in 2018.

"It is being discussed what should be done regarding Iran's technical commitments, and how they be carried out, in case a party reneges on their promise."



Most Read

  1. Mexican claims victory by paying $28 for $28,000 Cartier earrings Mexican claims victory by paying $28 for $28,000 Cartier earrings
  2. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  3. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  4. Gunmen storm Lucky Cement factory, kill security guard Gunmen storm Lucky Cement factory, kill security guard
  5. Sussanne Khan faces most ‘EMBARRASSING’ moment with beau Arslan Goni Sussanne Khan faces most ‘EMBARRASSING’ moment with beau Arslan Goni
  6. Relationships are tough; Mrunal Thakkur plans to freeze her eggs Relationships are tough; Mrunal Thakkur plans to freeze her eggs

Opinion

  1. Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity
    Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity

    By News Desk

  2. Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  
    Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  

    By Manzoor Qadir

  3. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  4. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  5. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  6. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer