DUBAI, Dec 9 (Asia Free Press): The Biden administration is the way to reduce enforcement of sanctions against Iran with the despatch of a senior delegation to the United Arab Emirates next week, the US State Department said on Thursday.
The delegation, which will include the head of the US Treasury’s Office of Foreign Assets Control, Andrea Gacki, will warn banks in the UAE that have business with Iran and are not in compliance with the sanctions, according to Reuters.
A State Department spokesperson said the “United States had evidence of non-compliance, and that the banks could later be sanctioned or penalised over their dealings”.
“The Then-president Donald Trump in 2018 pulled the United States out of a deal in which Iran agreed with major powers that it would curb its nuclear programme in return for the lifting of international economic sanctions”, the State Department Spokesman added.
“He reimposed US sanctions, prompting Iran to start violating the nuclear restrictions about a year later, but now we have to reduce all these sanctions as Iran follows the way to talk”, the Spokesman further added.
The UAE, a US ally, has been trying to reduce tensions and escalations, sending an official to Tehran last Monday.
Although the UAE and Iran are on different sides of the region’s strategic rivalries, their long-standing business ties have remained one of Iran’s main links to the outside world. According to UAE trade data, Iran ranked fourth among the UAE’s trade partners by re-export value in the first nine months of this year.