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EU, US Announce Lifting of Iran Nuclear related Sanctions

10:33, Sunday, 17 January, 2016
EU, US Announce Lifting of Iran Nuclear related Sanctions
     Both the European Union and the United Sates announced on Jan. 16 to lift sanctions over Iran under the historic nuclear deal after the International Atomic Energy Agency (IAEA) confirmed all the preparation steps have been completed by Tehran.
    
     Iranian Foreign Minister Mohammad Javad Zarif and EU foreign policy chief Federica Mogherini jointly announced in Vienna, Austria, the implementation day of the Joint Comprehensive Plan of Action (JCPOA) - the historic deal reached last July - after the UN nuclear agency confirmed Iran's compliance of its commitment under the deal.
    
     "As Iran has fulfilled its commitment, today multinational and national economic and financial sanctions related to Iran's nuclear program are lifted in accordance with the JCPOA," announced Mogherini.
    
     IAEA Director General Yukiya Amano said before the press conference that Iran has done all the steps to fulfill its commitment, including freezing much of its nuclear material production that could be used to build nuclear bombs.
    
     Iran also promises to provide more transparency of its nuclear program, letting the IAEA be able to monitor Tehran's atomic plan.
    
     Under the nuclear deal this would trigger a comprehensive relief of the nuclear related sanctions imposed on Tehran simultaneously by the U.S., the EU and the UN security council, especially the oil embargo.
    
     Shortly after the IAEA announcement, U.S. President Barack Obama on Saturday also signed an executive order to lift sanctions on Iran related to its nuclear program, the White House said.
    
     Following the EU-Iran press conference, U.S. Secretary of State John Kerry also met reporters at the same site, saying that the US decided to lift nuclear-related sanctions over Iran since IAEA confirmed that Iran has kept its promises.
    
     He said Tehran could only use the atomic energy for peaceful purpose, adding that Iran needs to be also compliant to their commitment in the coming years.
    
     Kerry said the implementation day is a historic one since it proves that negotiations rather than war can be deployed to resolve problems.
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