Economic sanctions lifted as Tehran fulfills nuclear agreement with world powers

German Foreign Minister Frank Walter Steinmeier said many nations would now “be able to breathe a sigh of relief”, and called the deal a “historic success for diplomacy”.

IAEA Director General Youk-i-ya Amano announced the lifting of the sanctions in a video statement.

“The United States today is ceasing the application of its nuclear-related statutory sanctions on Iran, including terminating relevant executive orders and licensing of certain activities, as specified in the JCPOA”, it said. US Secretary of State John Kerry arrived hours later, and was expected to head straight into a meeting with Zarif. “While being fully ready to safeguard Iran’s sovereignty, we are the messenger of peace, stability and security in the region and across the world”.

“Today marks the moment that the Iran nuclear agreement transitions from an ambitious set of promises on paper to measurable action in progress”. He added together that Islamic Republic of Iran nuclear program has been considerably flapped back.

“These things are a reminder of what we can achieve when we lead with strength and with wisdom”.

Meanwhile, Israeli prime minister Benjamin Netanyahu pledged that Israel would remain vigilant to ensure that Iran was not violating its commitments.

After years of economic isolation, it was a great sigh of relief for Iran when the United States and European nations lifted oil and financial sanctions.

“The implementation of the Joint Comprehensive Plan of Action is not a loss for any country”, the official IRNA news agency quoted Rouhani as saying”.

Iran needs up to $50 billion in foreign investment per year to reach its goal of eight-percent annual growth, Rohani said.

“We’re getting to #ImplementationDay”.

In a statement, Kerry said the sanctions termination provisions of Iran’s landmark nuclear agreement are now in effect.

Four Americans and seven Iranians were part of the prisoner swap.

The US is confident the agreement will prevent Iran from obtaining a nuclear weapon.

It must reduce its level of uranium enrichment, dramatically reduce the size of its stockpile of enriched uranium, reduce the number of centrifuges, and agree to unfettered global inspections.

According to the JCPOA, all of the nuclear-related sanctions imposed on Iran will be removed if the country is proved to abide by the deal over the next ten years step-by-step.

“Congratulations on this dignity and victory” as “We have opened new chapter in our relations with the world”, Rouhani said in a statement carried by official IRNA news agency.