Iran’s President, Hassan Rouhani, has said he expects sanctions on Iran to be lifted by the end of the year.
IRNA quotes Rouhani as saying, “according to our plans, the oppressive sanctions against the Islamic Republic of Iran will be lifted by the end of 2015.”
Meanwhile, special envoy and coordinator for international energy affairs at the U.S. Department of State, Amos Hochstein, said at the Singapore International Energy Week on Tuesday:
“The stage that we’re in today is that Iran has to implement its requirements under the agreement … Once those are done and they have been verified, then sanctions will be removed.”
(Sources: Reuters, Bloomberg)