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Nuclear deal could lift Iranian economy

4 years ago13 views

The partial lifting of sanctions against Iran as part of the Geneva agreement last month could mark the beginning of a period of economic growth in the country.

The rial has increased in value against the euro, making imports cheaper, which has led some businesspeople to claim they’ve been negatively affected by the changes.

The government remains critical of the measures still in place.

Speaking to euronews, Iranian Minister of Foreign Affairs, Mohammad Javad Zarif said “the sanctions were illegal to begin with.” He added that“there are certain parts of the Iranian nuclear programme that will continue and there are certain parts-enrichment over 5 % that we agreed not to continue . It doesn’t mean that we will continue everything, it doesn’t mean that we will discontinue everything”.

In November, an interim deal was agreed to by Iran and the permanent members of UN Security Council plus Germany to suspend its most sensitive nuclear activity in exchange for a limited easing of sanctions.

Restrictions remain in place against Iranian oil exports and financial sector. The country’s government has been working to present a nuclear deal as an economic opportunity for Iran.

Reporting from Munich euronews’ Fariba Mavaddat said: “Amid differing interpretations of the Geneva agreement, Iran and the Western powers are going to meet again later this month – 18th February- in order to try to take yet another step towards resolving the Iranian nuclear crisis.”