This overview describes the status of US and EU sanctions following the first round of nuclear-related sanctions relief that occurred on “Implementation Day” under the Joint Comprehensive Plan of Action (JCPOA) concluded with Iran. It summarizes guidelines issued by the US and the EU regarding the sanctions that have been lifted and the sanctions that remain in effect.
Pursuant to verification by the International Atomic Energy Agency (IAEA) that Iran has met its nuclear-related commitments under the JCPOA, certain sanctions previously imposed on Iran by the UN, US, and EU in connection with its nuclear activity were lifted on January 16, 2016. This initial round of “Implementation Day” sanctions relief is outlined in the JCPOA, along with a promise of further sanctions relief 8–10 years into the future, provided that certain additional conditions are met by Iran. As required by the JCPOA, the US and the EU also have issued relevant guidelines on the details of sanctions lifted on Implementation Day. We provide an overview of the US and EU guidelines below.
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