Iran’s Nuclear Program & Western Sanctions

Normalising Iran

  1. Economic sanctions related to its nuclear programme — imposed by the US, EU and the UN — were lifted, following the IAEA’s confirmation of Tehran’s compliance with the terms of nuclear deal.
  2. But, Washington imposed fresh sanctions over Iran’s missile programme, pertaining to the test-fire of a precision-guided ballistic missile.
  3. US has only suspended its nuclear-related sanctions; it hasn’t terminated them.
  4. Non-nuclear economic sanctions imposed by the US remain in place, forbidding American citizens and firms from trading with Iran.
  5. All said and done, Iran is now back in the global market, ready to raise its production and export of oil, gain access to capital and investment.
  6. As India’s gateway to Central Asia, Iran is also a promising investment destination for India’s private sector in infrastructure, IT, petrochemicals, etc.
  7. As Other Asian economies, like China and Japan, rush in, India must move swiftly.

Tehran’s readmission to the world market offers opportunities Delhi must seize.

  1. Economic sanctions related to its nuclear programme — imposed by the US, EU and the UN — were lifted, following the IAEA’s confirmation of Tehran’s compliance with the terms of nuclear deal.
  2. But, Washington imposed fresh sanctions over Iran’s missile programme, pertaining to the test-fire of a precision-guided ballistic missile.
  3. US has only suspended its nuclear-related sanctions; it hasn’t terminated them.
  4. Non-nuclear economic sanctions imposed by the US remain in place, forbidding American citizens and firms from trading with Iran.
  5. All said and done, Iran is now back in the global market, ready to raise its production and export of oil, gain access to capital and investment.
  6. As India’s gateway to Central Asia, Iran is also a promising investment destination for India’s private sector in infrastructure, IT, petrochemicals, etc.
  7. As Other Asian economies, like China and Japan, rush in, India must move swiftly.
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