Iran announced the expiration of an embargo on arms trade

In Tehran, they hope to resume the arms trade, which will bring considerable benefits to the budget.

The Iranian Foreign Minister said that the UN embargo on the sale of conventional weapons to Iran expired on October 18, according to the terms of the nuclear deal concluded in 2015.

The agreement between Iran and world powers – officially called the Joint comprehensive plan of action – provided for the lifting of international sanctions against Iran in exchange for Tehran’s refusal to enrich uranium and stopping work on developing nuclear weapons.

The group of six countries that are negotiating with Iran includes the US, Russia, China, Britain, France, and Germany. In 2018, US President Donald Trump announced the US withdrawal from the agreement, arguing that Iran was “deceiving everyone” and “violating the terms of the deal.” At the same time, Trump announced new US sanctions against Tehran.

Iran’s Foreign Minister said on Sunday that all bans on arms transactions and two-way currency flows are now “automatically lifted.”

According to Western agencies, in theory, Iran is once again able to sell conventional weapons: tanks, combat aircraft, and heavy artillery.

The lifting of the embargo was opposed by the United States, which does not agree with the prospect of acquiring or selling weapons by Tehran, considering it a “threat to global security.”

Iranian Foreign Minister Mohammad Javad Zarif called the lifting of the embargo “a significant day for the international community.”