AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
World

Trump administration plans new sanctions on Iran before January 20

  • The aim of imposing the sanctions is to make it more difficult for newly-elected American President Joe Biden to return to the 2015 US nuclear deal
Published November 9, 2020

(Karachi) In a latest move, Trump led United States administration has prepared a plan to impose a series of new sanctions on Iran before the presidential inauguration on January 20 in hopes of making it more difficult for Joe Biden to return to the 2015 US nuclear deal, an article published in Axios stated on Monday.

As per details, the sanctions are reportedly not linked to the Iranian nuclear program but to Iran's ballistic missile program, assistance to terror organizations and human rights violations. In 2018, Donald Trump backed out of the agreement, saying it failed to curtail Iran's ballistic missile program and its influence in the region.

As part of the process to discuss the sanction's plan, the US envoy for Iran Elliott Abrams arrived in Israel on November 8 and met Prime Minister Netanyahu and National Security Adviser Meir Ben-Shabbat. The American diplomat is also expected to meet Minister of Defense Benny Gantz and Foreign Minister Gabi Ashkenazi today to brief them on the plan.

In an effort to increase pressure on Iran, Secretary of State Mike Pompeo will arrive in Israel on November 18 to deliberate on the matter. The Trump and Israeli administrations has prepared a list of Iranian entities that will be sanctioned.

However, Democratic party leader Joe Biden's win has boosted hopes of revitalizing the Iran-US nuclear deal. In a statement, Iranian President Hassan Rouhani said that an opportunity has come up for the next US administration to compensate for past mistakes and return to the path of complying with international agreements through respect of international norms.

Earlier in October, President Donald Trump announced a fresh round of sanctions on Iran affecting the country's financial system. The US Treasury Department blacklisted 18 major Iranian banks – 16 of which were targeted for “operating in Iran’s financial sector”, one bank controlled by a sanctioned Iranian bank and one the US Treasury says is affiliated with Iran’s military.

Comments

Comments are closed.