30 Apr 2024
Tuesday 31 May 2016 - 10:53
Story Code : 216351

Iran's economy recovering to pre-sanctions level - President

The Iranian economy is gradually recovering to the level before the sanctions against Tehran related to its controversial nuclear program were imposed, local media reported Monday.





MOSCOW (Sputnik)Iranian President Hassan Rouhani emphasized that foreign investors were showing interest inthe investments afterthe economic restrictions were lifted.
"Today, we are moving step bystep towardthe pre-sanctions situation," The President said inthe northwestern province ofWest Azerbaijan asquoted byTasnim News Agency.


"We are insuch conditions today that you see [delegations from] companies and various countries are continuously visiting Iran," he said.


In January, the European Union, the United Nations, and partially the United States lifted their sanctions againstthe Islamic republic afterthe International Atomic Energy Agency verified Tehrans compliance witha nuclear agreement reached last July.

he deal reached byTehran and six international mediators Russia, China, the United States, the United Kingdom, France and Germany guarantees the peaceful nature ofIran's nuclear program inexchange forthe gradual termination ofanti-Iran sanctions, which were imposed overfears that Iran was developing nuclear weapon. The lifting ofsanctions allowed Iranian oil producers toreenter the global market.

However, the United States has imposed sanctions againstIran related toTehran's ballistic missile program.
By Sputnik

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