Japan will lift Iran sanctions following nuclear deal


Iranian Foreign Minister Mohammad Javad Zarif (left), Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano of Japan and European Union High Representative Federica Mogherini (right) arrive at the International Atomic Energy Agency, IAEA, in Vienna, Austria, Saturday, Jan. 16, 2016. US Secretary of State, John Kerry confirms Iran in compliance with nuclear deal, lifts US nuclear-related sanctions. (AP/Ronald Zak)Iranian Foreign Minister Mohammad Javad Zarif (left), Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano of Japan and European Union High Representative Federica Mogherini (right) arrive at the International Atomic Energy Agency, IAEA, in Vienna, Austria, Saturday, Jan. 16, 2016. US Secretary of State, John Kerry confirms Iran in compliance with nuclear deal, lifts US nuclear-related sanctions. (AP/Ronald Zak)

The Japanese Cabinet approved Friday the lifting of sanctions on Iran, following the recent completion of a landmark deal to try to prevent Iran from developing nuclear weapons.

The widely expected move will allow Japanese companies to pursue investment in Iran’s oil and gas industry.

Chief Cabinet Secretary Yoshihide Suga told reporters that the government would cancel bans on Japanese investment in both exports to Iran and in oil and gas-related business.

“We will continue to support the consistent implementation of the final agreement on the Iranian nuclear issue as we see it as a way to enforce nuclear non-proliferation and contribute to stability in the Middle East,” he said.

The UN certified last weekend that Iran had met all of its commitments under the nuclear deal, leading to the lifting of long-standing Western economic sanctions on the country.(+)



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