On 05-01-2017, the departing U.S. Secretary of the Treasury Jacob J. Lew published his exit memo – Eight Years of Progress at Treasury and a Look to the Future of American Financial Prosperity. His exit memo, similar to his speech last March at the Carnegie Endowment for International Peace (regarding the evolution of U.S. sanctions) spells out a warning to limit unilateral sanctions and the use of U.S. secondary sanctions.
On 15 December 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control updated its FAQ’s regarding the uplifting of sanctions under the JCPOA. The revision of the FAQ’s aim to clarify the U.S. intentions in regard to the triggering of JCPOA snap-back provisions. At the same time OFAC also introduced General License (GL) J-1 to allow the re-export of civilian aircraft to Iran (Authorizing the Re-exportation of Certain Civil Aircraft to Iran on Temporary Sojourn and Related Transactions).
As a reaction to U.S. Congress decision to extend the Iran Sanctions Act, in November 2016, Iranian President Hassan Rouhani has ordered the development of a nuclear propulsion system for maritime vessels.
Iranian President Hassan Rouhani met with British Prime Minister Theresa May for the first time_21-09-2016 _71st session of the United Nations General Assembly in New York_http://www.presstv.ir/Detail/2016/09/21/485646/rouhani-may-new-york On 07 December 2016, in a speech to the…
The International Atomic Energy Agency confirms that Iran’s shipment of 11 tonnes of heavy water out of the country complies with JCPOA.
The U.S. House of Representatives extended Iran and Syrian sanctions. The blog argues that the new Syrian and the extended Iran sanctions are not Trumpism, but rather a signal of the Republican dominated U.S. Congress to Donald Trump that he has no carte blanche to deal with Iran, Syria, and possibly Russia which is indirectly impacted by the new Syrian sanctions. Although these sanctions might unhinge the current JCPOA or President Obama’s diplomatic efforts in Syria, in the long run we might be grateful to the U.S. Congress for reining in President-Elect Trump ability to act unilaterally.
The woes of implementing the JCPOA. Who’s at fault?
EU and U.S. lift non-proliferation sanctions as agreed in the nuclear deal.
UN Watchdog IAEA adopts a resolution to close it’s investigation into Iran’s controversial nuclear program. The move is another milestone which brings the lifting of sanctions against Iran a step closer.
UN watchdog IAEA states that Iran was developing nuclear weapons until 2009.