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Iran Sanctions Relief: What It Means

Samuel Cutler and Erich Ferrari explain how the Obama administration would implement the reported sanctions relief proposed to Iran by the P5+1 at the Almaty talks.
Top officials from the U.S., France, Germany, Britain, China, Russia and Iran take part in talks on Iran's nuclear programme in Almaty February 27, 2013. World powers hope Iran will respond positively on Wednesday to their new offer to lift some sanctions if Tehran scales back nuclear activity the West fears could be used to build bombs.  REUTERS/Shamil Zhumatov (KAZAKHSTAN - Tags: POLITICS ENERGY) - RTR3EC3H

As negotiations in Almaty, Kazakhstan, entered their first day, Al-Monitor’s Laura Rozen has reported that the P5+1 plans to offer Iran sanctions relief in a number of different areas in exchange for shutting the underground Fordow enrichment facility, ending 20% uranium enrichment, and shipping out its existing 20% stockpile. While previous leaks had only mentioned easing restrictions on using gold as a payment method for Iranian imports, the new report states that sanctions on Iran’s petrochemical industry, as well as some “small scale banking sanctions” are on the table. This invites the question: How would the United States go about lifting these sanctions?

Precious Metal Sanctions:

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