Switzerland lift some sanctions against Iran

GENEVA:   Switzerland on Thursday lifted several
already suspended economic sanctions against Iran
following last month's historic deal between Tehran
and world powers on the Iranian nuclear programme .

Citing the important turning point in the 12 year
nuclear dispute "the Swiss government said it had
decided to lift some sanctions against Iran that had
already been suspended in January 2014.

It decided to lift the ban on precious metal transaction
with Iranian state bodies as well as the requirement
to report all trade in Iranian petrochemical products.

It also lifted requirement to report the transport
of Iranian crude oil and petroleum products as
well as insurance policies taken out in connection
with such transactions,

Switzerland,which has been representing US
interests in Iran since Washington and Tehran
broke off diplomatic relations in 1979 said the
steps should "be seen as a sign of its support
for the implementation of the nuclear agreement
and its interest in deepening bilateral relations
with Iran,

The agreement with Teheran reached in Viena
by the UN Security Council's plus Germany
five permanent members,Britain China France
Russia and the United State,pus Germany
provide for a progressive and conditional lifting
of crippling international sanction ,in exchange
for guarantees that the Islamic republic will
not develop a nuclear bomb.

Other countries have yet to lift sanction against
Iran pending verification that the country is
complying with the July 14 agreement.

The Swiss government also stressed that the
vast majority of international sanction against
Iran,including all of the sanctions adopted by
the UN security council,will remain in the forces
for the time being and said it would re-impose
the lifted sanctions if Iran failed to follow through
on the deal.
AFP