Adoption Day in Iran Sanctions Deal: US and EU Give Clarification, But No Lifting of Sanctions Yet

October 21, 2015

The United States and European Union took preparatory steps on 18 October 2015 to begin fulfilling their commitments to suspend certain sanctions against Iran pursuant to the Joint Comprehensive Plan of Action (“JCPOA”) agreed to earlier this year. Each offered clarification as to what its commitment to ease sanctions would look like in practice. However, no sanctions have yet been lifted: all current sanctions will remain in place until the IAEA verifies that Iran has fulfilled key nuclear-related commitments made under the deal – which is not expected to occur until spring 2016 at the earliest. For a description of the various types of sanctions relief expected to occur at that time, please see our prior OnPoint.

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