December 12, 2024 10:33 (IST)

Make this your homepage

Foreign

Devendra Fadnavis meets PM Modi amid suspense over Maharashtra portfolio allocation | Congress wants to deviate the issue of Sonia Gandhi-George Soros link: JP Nadda | Bengaluru techie suicide: Atul Subhash's family demanded Rs. 10 lakh as dowry leading to my father's death, claims estranged wife | Syria rebels torch tomb of ousted president Bashar al-Assad's father | Donald Trump vows to eliminate birthright citizenship after taking charge | No alliance with Congress in Delhi polls: AAP chief Arvind Kejriwal | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | INDIA bloc to knock on Supreme Court's doors over alleged EVM manipulation during Maharashtra polls | 'Babri Masjid should be rebuilt in Bengal's Murshidabad': TMC MLA Humayun Kabir sparks row

UN Security Council removes Iranian bank from sanctions list

India Blooms News Service | | Jan 18, 2016, at 01:58 pm

#UN # Security Council # Iran Bank # Sanctions

New York, Jan 18 (Just Earth News/IBNS): The United Nations Security Council announced on Sunday that it has removed Iranian Bank Sepah and its international subsidiary from a sanctions list, following Saturday's announcement of a UN report confirming that Iran has completed necessary preparatory steps to start the implementation of a plan of action aiming to resolve the nuclear issue.

The report was submitted to the 15-nation Security Council after UN International Atomic Energy Agency (IAEA) inspectors on the ground verified that Iran has carried out all measures required under what is known as the Joint Comprehensive Plan of Action (JCPOA) to enable “Implementation Day” to occur.

In July, Iran and a group of six countries – China, France, Germany, Russia, United Kingdom and United States – reached the JCPOA through resolution 2231 (2015), entrusting the IAEA with verifying and monitoring Iran's commitments.

The resolution noted that the JCPOA will “terminate all provisions of previous UN Security Council resolutions on the Iranian nuclear issue […] simultaneously with the IAEA-verified implementation of agreed nuclear-related measures by Iran.”

Bank Sepah had been under a Council-mandated asset freeze since 2007. It provides support for the Aerospace Industries Organisation (AIO) and subordinates, including Shahid Hemmat Industrial Group (SHIG) and Shahid Bagheri Industrial Group (SBIG).

Photo: UN Photo/Amanda Voisard (file)/www.justearthnews.com

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.