Economics
Iran Sheds Economic Sanctions Yoke as Nuclear Deal Ratified
- Islamic Republic to gain access to $50 billion in frozen cash
- Foreign investors are keen for access to an untapped market
The Importance of Iran’s Return to Markets
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Iran has complied with the terms of an international agreement to curb its nuclear development program, allowing it to move out from under the yoke of crippling economic sanctions, the United Nations’ nuclear agency announced Saturday.
The International Atomic Energy Agency concluded that the Islamic Republic had curbed its ability to develop an atomic weapon as required under an accord with world powers. The U.S. and five other nations agreed in July’s accord to lift sanctions on Iran “simultaneously with the IAEA-verified implementation” of the deal.