Iran: Parameters of Nuclear Deal Announced; No Immediate Sanctions Relief Expected

April 03, 2015
On April 2, 2015, the “P5+1” countries (the United States, United Kingdom, France, Germany, China and Russia) and Iran announced that they have agreed on the parameters of a deal to limit Iran’s nuclear program in exchange for the lifting of certain sanctions on Iran. The elements will form the basis of a Joint Comprehensive Plan of Action (“JCPOA”) to be negotiated by June 30. Importantly, sanctions currently applicable to Iran remain unchanged, while sanctions which had been suspended as negotiations progressed remain suspended.

Read, "Iran: Parameters of Nuclear Deal Announced; No Immediate Sanctions Relief Expected," for our analysis of the new deal and its impact.