Monday, 14 April 2014

Sanctions Are Eased; Iran Sees Little Relief - NYTimes.com

Sanctions Are Eased; Iran Sees Little Relief - NYTimes.com:



"Halfway through a six-month nuclear deal between Iran and major world powers that was meant to allow time to reach a comprehensive agreement, the Iranians have seen little in the way of a boost from the sanctions relief they had been expecting, trade lawyers and diplomatic analysts say.



Whether Iran’s disappointment means that it will be more or less motivated to negotiate a permanent deal on its disputed nuclear program by the July 20 deadline remains unclear.



“Iran has become kryptonite for banks and shippers and insurance companies,” said Farhad R. Alavi, a sanctions law specialist at Akrivis, a Washington-based international law firm that has fielded numerous inquiries about doing business with Iran since the temporary accord took effect. Though the accord may have served as a “teaser” to Iran, he said in a telephone interview, foreign business interest has remained extremely limited."



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