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US Senators Warn Business Groups Not to Re-Enter Iranian Market if Sanctions Lifted

US Senators Warn Business Groups Not to Re-Enter Iranian Market if Sanctions Lifted © AP Photo / Vahid Salemi Subscribe Sputnik International https://sputniknews.com/world/202105131082878697-us-senators-warn-business-groups-not-to-re-enter-iranian-market-if-sanctions-lifted/ Talks are under way in Vienna to bring Washington and Tehran back into compliance with the 2015 Iran nuclear deal that was unilaterally abandoned by the US in 2018. Iran insists on the lifting of all American sanctions against the Islamic Republic, while Washington wants Tehran to stop enriching uranium beyond the agreed upon limits. A group of US senators has warned three major business and financial groups against engaging with Iranian counterparts in case the Biden administration scraps sanctions against Tehran to rejoin the 2015 Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA).

Senate Republicans warn business groups against Iran engagement

Senate Republicans: U S Business With Iran is Doomed to Fail

Getty Images Jack Beyrer • May 12, 2021 2:45 pm As the Biden administration prepares to lift sanctions on Iran, Senate Republicans are warning U.S. business leaders that any ventures with the Islamic Republic are doomed to fail. In a letter Wednesday, more than a dozen Republican lawmakers, including Sens. Tom Cotton (Ark.), Ted Cruz (Texas), and Marco Rubio (Fla.), told members of leading business advocacy groups that staunch GOP opposition to sanctions relief would imperil potential business dealings with the regime. If U.S. sanctions on Iran were temporarily lifted and these firms decided to reenter the Iran market, not only would they be engaging with a corrupt and capricious regime, they would be investing in ventures doomed to fail, the lawmakers wrote to the U.S. Chamber of Commerce, Financial Services Forum, and Business Roundtable. The Republicans said any Biden administration agreement with Iran will not survive if the GOP regains the White House in 2024

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Proxy prejudice is real -- it s time to tackle it on Wall Street in 2021

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