Iran Sanctions

Iran Sanctions 2018-04-10T00:44:21+04:30

Sanctions removal is unique opportunity for Iran’s mining Industry growth

The comprehensive nuclear accord (Joint Comprehensive Plan of Action, or JCPOA), finalized on July 14, 2015, provides Iran broad relief from U.S., U.N., and multilateral sanctions on Iran’s energy, financial, shipping, automotive, and other sectors. Sanctions were suspended or lifted upon the International Atomic Energy Agency (IAEA) certification on January 16, 2016, that Iran had complied with the stipulated nuclear dismantlement commitments under the agreement (“Implementation Day”). On Implementation Day, Administration waivers of relevant sanctions laws took effect and relevant Executive Orders (E.O.s) were revoked by E.O. 13716.

It is being estimated that Iran need $20 billion of investment by 2025 in mining sector and this brings unique opportunity for investors to join Iran’s mining industry growth.