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Switzerland Plans to Ease Sanctions

Switzerland Plans to Ease SanctionsSwitzerland Plans to Ease Sanctions

The Swiss government says it plans "in principle" to ease sanctions against Iran in line with the European Union and the United Nations following an international accord on Tehran's nuclear program.

The Federal Council said Wednesday it has instructed the economy ministry to prepare changes to the measures taken against the Islamic Republic, which "open new perspectives for cooperation with Iran," the AP reported.

The move follows a deal struck on July 14 and fully adopted on Sunday between Iran and Britain, China, France, Germany, Russia and the United States, which aims to resolve the long-running dispute over Tehran's nuclear program. Iran says its nuclear activities are purely for peaceful purposes, not making weapons.

The Swiss government said its sanctions would remain until Iran carried out an "action plan" outlined in the accord.

 

Financialtribune.com