TEHRAN – The U.S. is ready to impose additional sanctions on Iran if talks on its nuclear activities fail, U.S. Treasury Secretary Jack Lew said, according to Bloomberg.
“We have sent the very clear signal to the leadership in Tehran that if these talks do not succeed, then we are prepared to impose additional sanctions on Iran,” Lew said at the AIPAC’s annual meeting which began on Sunday in Washington. “All options remain on the table to block Iran from obtaining a nuclear weapon.”
The temporary accord signed between Iran and the 5+1 group (France, Russia, China, the United States, Britain, and Germany) in Geneva in November 2014, called for curbs in Iran’s nuclear program, including its 20 percent uranium enrichment, in exchange for limited sanctions relief.
“You may hear some say that the very narrow relief in the interim agreement has unraveled the sanctions regime or eased the chokehold on Iran’s economy,” Lew said today. “Nothing could be further from the truth.”
Iran will lose about $30 billion in oil sales alone from the sanctions that remain in place during the six-month period of relief, Lew said.
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