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ARTICLE · 21 JULY 2015

EU, US And Iran Agree On Significant Yet Still Conditional Sanctions Relief

De Brauw Blackstone Westbroek
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On 14 July 2015, the E3/EU+3 and Iran announced that they reached agreement on a Joint Comprehensive Plan of Action regarding Iran's nuclear program.

GlobalInternational Law
Rick Van ’T Hullenaar
Rick Van ’T Hullenaar
Marnix Somsen
Marnix Somsen
Marlies De Waard
Marlies De Waard
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On 14 July 2015, the E3/EU+3 (France, Germany, the United Kingdom, the European Union, China, Russia and the United States) and Iran announced that they reached agreement on a Joint Comprehensive Plan of Action (JCPOA) regarding Iran's nuclear program.

The JCPOA requires Iran to implement stringent restrictive measures regarding its nuclear program in exchange for broad relief of EU and US sanctions against Iran. Any sanctions relief will be implemented in phases if and when Iran has implemented the measures imposed on it, which is to be verified by the International Atomic Energy Agency (IAEA). This process will probably take considerable time and any relief of sanctions is not expected to become effective before early 2016.

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