Trump to reimpose sanctions on Iran

IANS  |  Washington 

Donald Trump's administration will reimpose the first batch of sanctions on Monday since withdrew from the 2015 nuclear deal.

Trump announced in May that he was withdrawing the US from the 2015 accord with Iran, Germany, France, the UK, and

The deal, which was negotiated by his predecessor Barack Obama, lifted sanctions on in exchange for curbs on its nuclear programme.

Rather than immediately reimpose sanctions in May, the gave companies doing business with two "wind-down" periods.

Monday ends another 90-day period after which can sanction transactions with US dollar banknotes; trade in gold and precious metals; direct or indirect sales of graphite, raw or semi-finished metals and Iran's automotive sector.

Additionally, licenses for exporting commercial aircraft to Iran, as well as related parts and services, are set to be revoked.

The revocation of export licenses for civil aviation, meanwhile, will hit and Airbus, which had $40 billion deals to sell aircraft to Air.

The sanctions will go back into place after Trump first threatened and then expressed an openness to meet Iranian and as the is monitoring Iranian military exercises in the

--IANS

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First Published: Mon, August 06 2018. 10:32 IST