Somalia condemns unlawful arms shipment from Ethiopia to Puntland State    Egypt's banking system resilient against shocks – CBE's Aboulnaga    Egypt's FRA chief: Reforms boost non-banking financial sector competitiveness    Egypt's PM assures no more power cuts, highlights investment growth plans    Egypt's Foreign Minister meets with US lawmakers in Washington    Egypt chairs Khartoum Process meeting on migration, development    South Africa's c.bank cuts interest rates, first time since 2020    Egypt's El-Khatib seeks to boost renewable energy investment with UK companies    Al-Mashat, AfDB Special Envoy discuss development cooperation for Egypt    China imposes sanctions on US arms suppliers to Taiwan    Basketball Africa League Future Pros returns for 2nd season    Google wins EU legal battle over €1.5b fine    Egypt's Environment Minister outlines progress on sustainability initiatives    US examines increased Chinese uranium imports    L'Oréal Egypt Hosts 9th Annual Skin and Hair Summit, Unveils New La Roche-Posay Anti-Pigmentation Serum    Al-Sisi calls for emulating Prophet Muhammad's manners at birth anniversary celebration    Culture Minister directs opening of "Islamic Pottery Museum" to the public on 15 October    Restoration project at Edfu Temple reveals original coloured inscriptions for first time    Egypt joins Africa's FEDA    Egypt's Culture Minister seeks input from Writers Union on national strategy    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Renewed sanctions need not mean US exit from Iran deal: Mnuchin
Published in The Egyptian Gazette on 12 - 04 - 2018

WASHINGTON, April 12, 2018 (Reuters) - A decision by US President Donald Trump not to renew sanctions relief for Iran on May 12 would not necessarily mean the United States had withdrawn from the 2015 Iran nuclear deal, US Treasury Secretary Steven Mnuchin said on Wednesday.
It was not immediately clear what Mnuchin meant by his comment but it appeared to signal the Trump administration believes the agreement will not necessarily collapse if Trump chooses not to extend US sanctions relief to Iran.
The crux of the 2015 agreement between Iran and six major powers - Britain, China, France, Germany, Russia and the United States - was that Iran would restrict its nuclear programme in return for relief from sanctions that have crippled its economy.
On January 12, Trump delivered an ultimatum to Britain, France and Germany, saying they must agree to "fix the terrible flaws of the Iran nuclear deal" or he would refuse to extend the US sanctions relief on Iran that it calls for.
US sanctions will resume unless Trump issues new "waivers" to suspend them on May 12, although it is not clear how quickly they would go into effect.
European officials saw Trump's January 12 comments as a threat to kill the deal. They have since been in negotiations with the Trump administration to see if there is a way to salvage it.
Speaking at a congressional hearing, Mnuchin said the Trump administration was in talks with allies and would "not do anything abruptly."
"If the president decides not to sign that (waiver), it doesn't mean we're necessarily pulling out of the deal. What it means is that the primary and secondary sanctions will go back in place," he told the US House of Representatives Appropriations Committee.
The political directors of Britain, France and Germany met Brian Hook, the State Department's director of policy planning, in Washington on Wednesday to discuss the future of the pact, formally known as the Joint Comprehensive Plan of Action, or JCPOA, two sources familiar with the matter said.
It is not immediately clear how Iran might respond to a Trump decision not to renew the sanctions waivers, but Tehran would be within its rights to argue the United States violated its commitments to ease sanctions even as Iran, as verified by international inspectors, had kept its nuclear commitments.
US nuclear experts say if Trump does not waive the sanctions in May, it effectively kills the nuclear deal.
European diplomats have said that even if US allies decide to remain in the agreement, Western companies would withdraw from Iran because of the threat of US sanctions.


Clic here to read the story from its source.