{"id":5099,"date":"2021-02-22T12:07:37","date_gmt":"2021-02-22T12:07:37","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=5099"},"modified":"2021-02-23T13:07:25","modified_gmt":"2021-02-23T13:07:25","slug":"us-sanctions-inflicted-1-trillion-damage-on-irans-economy-fm","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/22\/us-sanctions-inflicted-1-trillion-damage-on-irans-economy-fm\/","title":{"rendered":"US sanctions inflicted $1 trillion damage on Iran\u2019s economy: FM"},"content":{"rendered":"

Unilateral sanctions imposed by the United States inflicted $1 trillion worth of damage on Iran\u2019s economy and Tehran expects compensation, its foreign minister said.<\/p>\n

Mohammad Javad Zarif said on Sunday after the US takes action to restore Iran\u2019s 2015 nuclear deal with world powers through lifting sanctions, Tehran will want to negotiate on the damages it has suffered.<\/p>\n

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\u201cWhen we meet, we will raise compensation,\u201d Zarif told the Iranian state-owned news network PressTV in an hour-long interview.<\/p>\n

\u201cWhether those compensations will take the form of reparation, or whether they take the form of investment, or whether they take the form of measures to prevent a repeat of what Trump did,\u201d he said in reference to former US President Donald Trump.<\/p>\n

\"US-sanctions-inflicted-$1-trillion-damage-on-Iran-economy-FM-rapid-news-dailyrapid-dailyrapidnews\"Trump unilaterally abandoned the nuclear deal in 2018 and imposed harsh, comprehensive sanctions that targeted all the sectors of Iran\u2019s economy.<\/p>\n

According to Zarif, Trump reimposed 800 sanctions that were put on Iran before the nuclear deal and imposed 800 new ones, all of which need to be lifted before the US can return to the deal.<\/p>\n

The diplomat said from other signatories of the nuclear deal, China and Russia have been Iran\u2019s \u201cfriends\u201d during the sanctions era, evidence for which are dozens of sanctions imposed on their individuals and entities.<\/p>\n

But Germany, France, and the United Kingdom, the European signatories of the deal together known as the E3, have engaged in no tangible efforts to maintain their ties with Iran, Zarif said.<\/p>\n

\u201cThe situation Europe has created for itself is that it has to wait for the US to make a decision. It lives at the behest and mercy of the US,\u201d he said.<\/p>\n

\u201cNow, they should convince the US to come back [to the nuclear deal] at least to allow them \u2026 to maintain their dignity and allow them to fulfil their obligations. That\u2019s not a tall order.\u201d<\/p>\n

\u2018We got what we wanted\u2019<\/h2>\n

Iran\u2019s foreign minister said if the US fails to lift sanctions, Iran will continue to boost its nuclear programme as per the law but will have no need to leave the Joint Comprehensive Plan of Action, as the nuclear deal is formally known.<\/p>\n

One year after Trump imposed sanctions, Iran gradually scaled back its commitments under the deal.<\/p>\n

But after top Iranian nuclear scientist,\u00a0Mohsen Fakhrizadeh\u00a0was assassinated in November, the conservative parliament passed legislation that obligated the government to start 20 percent uranium enrichment and increase the country\u2019s stockpile.<\/p>\n

\u201cThis is not a threat. We are simply exercising the remedial measures foreseen in the JCPOA,\u201d he said, adding Iran is only after normalising economic relations with the world and does not want to engage in \u201cnuclear extortion\u201d as former US Secretary of State Mike Pompeo has claimed.<\/p>\n

Instead, Zarif said, the US is engaging in extortion as it is still preventing Iran from buying food, medicine, and vaccines during the COVID-19 pandemic.<\/p>\n

The foreign minister also said the US is still blocking Iran\u2019s request for a $5bn loan from the International Monetary Fund to fight the pandemic and is still preventing other countries such as South Korea from paying back billions of dollars\u2019 worth of Iran\u2019s money.<\/p>\n

Joe Biden\u2019s administration, he said, is still continuing the \u201cmaximum pressure\u201d campaign of Trump despite promising to restore the JCPOA.<\/p>\n

However, Zarif said Iran will have no need to abandon the nuclear deal.<\/p>\n

\u201cWe got what we wanted out of the JCPOA. End of [United Nations] Security Council resolutions. End of US lies about our nuclear programme,\u201d he said, adding Iran is the only country in the world to have its right to enrich uranium recognised by a UN Security Council resolution.<\/p>\n

He also said Iran is now much less dependent on oil, so it can continue if the US fails to come back to the accord.<\/p>\n

<\/figure>\n

\u2018No more camera tapes\u2019<\/h2>\n

As part of the law passed by Parliament in December, the government of President Hassan Rouhani must end snap inspections of its nuclear sites by the International Atomic Energy Agency (IAEA) by Sunday since US sanctions have not been lifted.<\/p>\n

However, since IAEA General-Director Rafael Grossi offered to visit Tehran to discuss the move, Iran postponed implementation to Tuesday.<\/p>\n

Grossi met with Ali Akbar Salehi, the head of the Atomic Energy Organization of Iran, and Zarif on Sunday, but no details on the talks were released.<\/p>\n

In his interview, however, Zarif said the decision to cut off the cameras installed by the IAEA in Iran\u2019s nuclear sites is a technical one that will not be made by him.<\/p>\n

\u201cWe will be required by law not to provide the tapes of those cameras to the IAEA,\u201d the foreign minister added.<\/p>\n

Grossi will hold a news conference in Vienna later on Sunday after leaving Tehran.<\/p>\n

On Sunday, 226 members of Iran\u2019s parliament signed a statement that emphasised Iran must stop voluntarily implementing the Additional Protocol, which provides broad inspection authority to the IAEA, starting on Tuesday.<\/p>\n

Zarif conducted his interview with PressTV\u2019s\u00a0Marzieh Hashemi, an Iranian American journalist whose arrest and week-long detention in the US by the FBI sparked another diplomatic spat and increased tensions between the two countries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Unilateral sanctions imposed by the United States inflicted $1 trillion worth of damage on Iran\u2019s<\/p>\n","protected":false},"author":1,"featured_media":5101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-5099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"yoast_head":"\nUS sanctions inflicted $1 trillion damage on Iran\u2019s economy: FM<\/title>\n<meta name=\"description\" content=\"Unilateral sanctions imposed by the United States inflicted $1 trillion worth of damage on Iran\u2019s economy and Tehran expects compensation,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/22\/us-sanctions-inflicted-1-trillion-damage-on-irans-economy-fm\/\" 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/world\/\" rel=\"category tag\">World<\/a>","tag_info":"World","comment_count":"0","jetpack-related-posts":[{"id":8866,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/13\/zarif-says-israels-move-to-sabotage-iranian-nuclear-site-a-very-bad-gamble\/","url_meta":{"origin":5099,"position":0},"title":"Zarif says Israel’s move to sabotage Iranian nuclear site a ‘very bad gamble’","date":"April 13, 2021","format":false,"excerpt":"An attack on its Natanz nuclear facility which it blames on Israel was a \u201cvery bad gamble\u201d, said Iran\u2019s top diplomat said on Tuesday, adding that it would strengthen Tehran\u2019s hand in talks to revive a 2015 nuclear deal with major powers. 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Sanctions reimposed by former US\u2026","rel":"","context":"In "World"","img":{"alt_text":"iran-urges-biden-to-lift-sanctions-rapidnews-rapid-news-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/iran-urges-biden-to-lift-sanctions-rapidnews-rapid-news-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":1751,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/01\/16\/us-imposes-fresh-sanctions-on-iran-in-final-days-of-trump-presidency\/","url_meta":{"origin":5099,"position":3},"title":"US imposes fresh sanctions on Iran in final days of Trump presidency","date":"January 16, 2021","format":false,"excerpt":"The United States on Friday imposed sanctions on companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation. They are the latest in a series of measures aimed at stepping up\u2026","rel":"","context":"In "World"","img":{"alt_text":"rapid-news-rapidnews-US-imposes-fresh-sanctions-on-Iran-in-final-days-of-Trump-presidency","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/01\/rapid-news-rapidnews-US-imposes-fresh-sanctions-on-Iran-in-final-days-of-Trump-presidency.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21197,"url":"https:\/\/dailyrapidnews.com\/eng\/2025\/03\/28\/iran-confirms-sending-response-to-trumps-letter-on-nuclear-talks\/","url_meta":{"origin":5099,"position":4},"title":"Iran confirms sending response to Trump\u2019s letter on nuclear talks","date":"March 28, 2025","format":false,"excerpt":"Iran has responded to a letter from US president Donald Trump regarding nuclear negotiations, affirming that while direct talks remain off the table, indirect negotiations can continue, Iranian state media reported on Thursday. Iranian Foreign Minister Abbas Araghchi confirmed that Tehran had sent a formal response to Trump\u2019s message through\u2026","rel":"","context":"In "World"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/03\/a-7.gif?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4954,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/20\/us-says-it-wont-bow-to-pressure-from-iran-on-more-sanctions-relief-before-potential-talks\/","url_meta":{"origin":5099,"position":5},"title":"US says it won’t bow to pressure from Iran on more sanctions relief before potential talks","date":"February 20, 2021","format":false,"excerpt":"The United States plans to take no additional actions in response to pressure from Iran before talks with Tehran and major powers about returning to the 2015 Iran nuclear deal, the White House said on Friday. Tehran and Washington have been at odds over who should make the first step\u2026","rel":"","context":"In "World"","img":{"alt_text":"US-says-it-wont-bow-to-pressure-from-Iran-on-more-sanctions-relief-before-potential-talks-rapidnews-rapid-news-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/US-says-it-wont-bow-to-pressure-from-Iran-on-more-sanctions-relief-before-potential-talks-rapidnews-rapid-news-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=5099"}],"version-history":[{"count":3,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5099\/revisions"}],"predecessor-version":[{"id":5105,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5099\/revisions\/5105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/5101"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=5099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=5099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=5099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}