TEHRAN- Norway lifted sanctions imposed on Iran by allowing its massive pension fund, the world's biggest sovereign wealth fund, to resume Iranian government bond purchases.

IFIF Public Relations- Iran had been denied by the fund since January 2014 due to international sanctions imposed against the country.

The Scandinavian country puts most of its oil revenues into the fund, which is worth nearly seven trillion kroner (735 billion euros, USD 814 billion), to raise money for pensions and other government expenses.

On January 16, Iran and the five permanent members of the UN Security Council – the United States, Britain, France, Russia and China – plus Germany started to implement a nuclear agreement they had concluded in July 2015.

After the agreement went into effect, all nuclear-related sanctions imposed on Iran by the European Union, the UN Security Council and the US were lifted.

Following the removal of anti-Iran sanctions, the Norwegian Finance Ministry said in a statement that it would lift restrictions on trade with Tehran.

Therefore the finance ministry, in agreement with the foreign ministry ... has decided that restrictions concerning trade in Iranian government bonds should be lifted," it said.

Norway is one of the richest countries per head of population./s