Iran became sanctions-free


The UN has lifted most sanctions on Iran but this country will be banned for five years to sell weapons. Technology for Irans nuclear electricity program cannot be imported for another decade. The US and Iran reached a deal in the Hague allowing $400 million in cash which had be frozen since 1981 to be released back to the Iranians. The money, originally a payment to US for arms that were never delivered, had accumulated $1.3 billion in interest which will also be returned. Iran is planning to purchase up to 114 civil aircraft from European manufacturer Airbus spending over 9 billion euros. Iranian President Hassan Rouhani appreciated the moment as “a golden page”. In fact, Iran is entering a new chapter, diplomatically, politically and economically but the effect of lifting sanctions needs time to be fully realized.


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