Iran nuclear deal: Council adopts the legal acts to prepare for the lifting of all nuclear-related economic and financial EU sanctions

EU News 286/2015

18/10/2015
733/15

Today (18 October 2015), the Council has adopted the legal acts providing for the lifting of all nuclear-related economic and financial EU sanctions as specified in the Joint Comprehensive Plan of Action (JCPOA). These legal acts will take effect only on "implementation day", simultaneously with the International Atomic Energy Agency (IAEA) verification of the implementation by Iran of agreed nuclear-related measures.

The Joint Comprehensive Plan of Action  comes into effect today, it is the day referred to as "adoption day", that is 90 days after the United Nations Security Council adopted a resolution endorsing the JCPOA (20 July 2015). As foreseen, the EU adopted the legal acts to prepare for the lifting of all nuclear-related economic and financial EU sanctions on implementation day. This implies that sanctions will not be lifted before that date.

Source and additional information:
http://www.consilium.europa.eu/en/press/press-releases/2015/10/18-iran-nuclear-deal/

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