• General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap
Nepal News Gazette
Menu
  • General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
 › General › U.S. Treasury Eyes More Sanctions On Iran, Reviews Aircraft Sales

U.S. Treasury Eyes More Sanctions On Iran, Reviews Aircraft Sales

nepalnewsgazette.com May 25, 2017     Comment Closed     General

The U.S. Treasury chief told Congress on May 24 that he is looking for ways to increase sanctions on Iran, including by reviewing licenses the Treasury previously granted to Boeing and Airbus to sell aircraft to Iran.

"We will use everything within our power to put additional sanctions on Iran, Syria, and North Korea to protect American lives," Treasury Secretary Steve Mnuchin said in testimony to the House Ways and Means Committee.

"I can assure you that's a big focus of mine and I discuss it with the president," he said, adding that the Trump administration is convinced that sanctions "really work."

Mnuchin did not elaborate on the department's review of the aircraft sale licenses, which were issued by the Treasury last year under a 2015 agreement between Tehran and world powers to lift economic sanctions in return for curbs on Iran's nuclear activities.

His statements followed President Donald Trump's call on Iran to stop funding "terrorists and militias" during a trip this week to the Middle East.

The Boeing aircraft sale was the biggest deal for a U.S. business contemplated in the landmark nuclear accord, while the Airbus sales were also among the largest business deals to come out of the agreement.

IranAir has agreed to buy 200 U.S. and European passenger aircraft worth up to $37 billion at list prices, though such deals typically include big discounts.

They include 80 jets from Boeing and 100 from Airbus. All the aircraft need U.S. licenses because of their reliance on U.S. parts.

Most of Iran's aging fleet of 250 commercial planes were purchased before 1979, and only 162 were operational last year, with the rest grounded because of a lack of spare parts.

Iran has said that halting the aircraft sales would breach the nuclear agreement, though some legal experts say the Treasury has the authority to withdraw the licenses.

For Boeing, losing the IranAir deal could force it to cut back production of its 777 passenger jetliners.

"Boeing continues to follow the lead of the U.S. government with regards to working with Iran's airlines, and any and all contracts with Iran's airlines are contingent upon U.S. government approval," a spokeswoman told Reuters by e-mail.

Copyright (c) 2015. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave NW, Ste 400, Washington DC 20036.

General

 Previous Post

Qatar Says Hackers Put Fake Story About U.S., Iran On Official Website

― May 24, 2017

Next Post 

G7 Leaders Agree On Terror Fight, Remain Split On Climate Change

― May 26, 2017

Author: nepalnewsgazette.com

Related Articles

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

Dharan-A city developed with people’s participation

Dharan is a beautiful city located in the east of Nepal. It is rich in cultural diversity. In addition to being regarded as a modern city, it is also the place developed with people's participation. The settlement here began with deforestation in 1950 ...

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

One door system in agriculture-related foreign trade

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

One arrested with pistol in Sarlahi

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

Over 100 firms face action

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

Karnali Province to get Covid-19 vaccines today

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

NCP Dahal-Nepal faction to further intensify protest programmes

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

PM Cup Cricket: Two matches today

nepalnewsgazette.com ― January 24, 2021 | Comment Closed

Free health insurance for HIV infected

Advertisement

Search News

Categories

Monthly Archive

Calendar

January 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    

Key Issues

Cadres’ supporters’ role impt. in party: CM Pokharel

― January 21, 2021

House of Representatives was dissolved as situation of horse trading emerged: PM Oli

― January 21, 2021

President expresses confidence Nepal-US ties will be deepened during Biden’s tenure

― January 21, 2021

NC President Deuba expresses gratitude

― January 21, 2021

Human Rights

Call to protect the life of Ganga Maya

― January 21, 2021

HoR dissolution-Hearing Continues

― January 21, 2021

NHRC urges for immediate payment to sugarcane farmers

― January 20, 2021

Seven involved in timber smuggling busted

― January 18, 2021

An adolescent girl dies of HIV infection

― January 18, 2021

Advertisement

As this website is one of the renowned online
news websites of the country, it has the status to determine the path to follow for both local and regional news industries.

Follow Us


Browse By Pages

  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap

Categories

  • General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap
© Copyright 2021. All Rights Reserved. Nepal News Gazette