US warns Swiss companies about Iran sanctions

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
US Secretary of State John Kerry speaks during a press conference on the Iran nuclear agreement at Austria International Centre in Vienna, Austria on July 14, 2015. (AFP photo)

The United States has cautioned Swiss companies against dealing with Iran until the implementation of the nuclear agreement reached between Tehran and the P5+1 group of countries.

State Department spokesman Mark Toner said on Wednesday that US sanctions against Iran will remain in place until the International Atomic Energy Agency (IAEA) verifies the Joint Comprehensive Plan of Action (JCPOA).

His remarks came after the Swiss government announced that it’s going to lift sanctions against Iran on Thursday.

The Swiss government said it wants the decision to be seen as a sign of support for the Iran nuclear agreement reached in Vienna last month.

“This agreement opens up new political and economic prospects with Iran, including bilateral relations,” the government said in a statement.

The decision underscores Switzerland’s “support for the ongoing process to implement the nuclear agreement, and its confidence in the constructive intentions of the negotiating parties,” it said.

The sanctions had been suspended since January 2014 following an interim nuclear deal between Tehran and the P5+1 group of countries - the US, Britain, France, Russia, China, and Germany.

Other European countries are awaiting the final approval of the conclusion of nuclear talks by Tehran and the P5+1.

The illegal sanctions on Iran were imposed based on the unfounded accusation that Tehran is pursuing non-civilian objectives in its nuclear energy program.

Iran rejects the allegation, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the IAEA, it has the right to use nuclear technology for peaceful purposes.

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