America Sanctions and Waives Off Together
Americas

America Sanctions and Waives Off Together

The United States has yet again imposed sanctions on Iran’s nuclear entity as per the Treasury Department. However, it has been stated that the US will not interfere in Russian, Chinese and European firms continuing to work at Iranian nuclear sites. This might make it harder for that country to develop a nuclear weapon.

Further, the US will now issue waivers to sanctions that that initially barred non-US firms from dealing with the Atomic Energy Organization of Iran. According to the same sources, the waivers’ renewal will allow nonproliferation work to continue for 60 days. This will be done at the Arak heavy-water research reactor, the Bushehr nuclear power plant, the Tehran Research Reactor and other nuclear cooperation initiatives.

Waivers have had to be given in order to prevent non-proliferation, a decision that has come after a debate between the US Treasury and State Department. In November 2019, Washington had terminated the sanctions waiver related to Iran’s Fordow nuclear plant after Tehran resumed uranium enrichment at the underground site. The US retracted itself from the 2015 Nuclear Deal completely misbalancing world economy. Under the 2015 deal that was a great peace keeping effort made by Barac Obama, it was joint agreement between Iran and six world powers. These include Britain, China, France, Germany, Russia and the United States. Under the agreement, Tehran promised to limit its nuclear program in return for the lifting of economic sanctions that had crippled its economy. However, Trump’s retracement has left the rest of the partners in an extremely tough spot.

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