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US Reportedly Mulling ‘Near Wholesale Rollback’ of Trump-Era Iran Sanctions to End Nuclear Standoff

30 Apr 2021 00:20

Islam Times - The Biden administration is considering a ‘near wholesale rollback’ of Trump-era Iran sanctions related to the nuclear deal as a major sweetener to let Tehran return into the Joint Comprehensive Plan of Action nuclear deal, AP reports, citing current and former US officials said to be familiar with the discussions.

State Department spokesman Ned Price indirectly confirmed that a sanctions rollback was being considered, but emphasized that the US was “considering removing only those sanctions that are inconsistent with the JCPOA”.

“Even if we rejoin the JCPOA – which remains a hypothetical – we would retain and continue to implement sanctions on Iran for activities not covered by the JCPOA,” Price claimed.

If the proposed sanctions rollback does include scrapping restrictions which prevent Iran from enjoying the fruits of signing the JCPOA, it would effectively mean an end to the penalties imposed by Trump targeting the country’s banking, oil, industry and construction sectors, as well its ability to trade with other countries in dollars

Story Code: 929947