U.S. Will Extend Sanctions Waivers for Iran Nuclear Programs

July 31, 2019

Publication: 

Reuters

The United States will renew sanctions waivers which allowed China, Russia, and European countries to continue limited nuclear cooperation with Iran under the terms of the Joint Comprehensive Plan of Action (JCPOA). The waivers will be renewed for 90 days, a shorter period than in the past. Ongoing cooperation activities include work at the Arak nuclear complex, the Bushehr nuclear plant, the Fordow enrichment facility, and the Tehran Research Reactor. U.S. Treasury Secretary Steven Mnuchin reportedly pushed for renewing the waivers, arguing that the Treasury needed additional time to consider the effect of possible sanctions on the Chinese, Russian, and European firms involved.