Limited Sanctions Relief Extended To 24 November 2014

January 2014, both the EU and U.S. brought into force measures which temporarily suspended and relaxed (for a period of six months, to end on 20 July 2014) some of the sanctions in place against Iran. This reflected the Joint Plan of Action (JPoA) agreed between the E3+3 and Iran in November 2013. Those measures were discussed in our alert of 23 January 2014.

In light of continuing negotiations between the E3+3 and Iran, an agreement has been reached to extend all of these measures to 24 November 2014. The extension came into force on 21 July 2014, i.e. the day after the original six month period was due to end.

The suspension and relaxation of sanctions remains in place in identical form. No additional sanctions have been suspended.