Obama extends sanctions against Iran for one year

11:52, 04 November 2016
World
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U.S. President Barack Obama has extended sanctions against Iran for another year.

REUTERS

"On November 14, 1979, by Executive Order 12170, the President declared a national emergency with respect to Iran and, pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701-1706), took related steps to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the situation in Iran," according to a presidential memorandum published on the White House's official website.

Read alsoIran deploys Russian long-range missiles at nuclear siteAccording to Obama, relations with Iran have not yet returned to normal, and the process of implementing the agreements with Iran, dated January 19, 1981, is still under way.

"For this reason, the national emergency declared on November 14, 1979, must continue in effect beyond November 14, 2016. Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for one year the national emergency with respect to Iran declared in Executive Order 12170," Obama said.

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