On 2 April 2015, talks in Lausanne, Switzerland, ended between Iran and the E3+3 countries (i.e., China, France, Germany, the Russian Federation, the United Kingdom, the United States). These lengthy negotiations resulted in high-level agreement on the key parameters of a Joint Comprehensive Plan of Action (JCPOA). The JCPOA parties will continue drafting the final text of JCPOA, to be agreed by 30 June 2015. We previously reported on this development on our blog (here).…
Following Monday’s agreement between the P5+1 countries and Iran to extend for a second time the Joint Plan of Action (JPOA) for an additional seven months to enable further progress in nuclear talks, the US Treasury Department’s Office of Foreign Assets Control (OFAC) has published key documents regarding continued implementation of the temporary sanctions relief provided for under the JPOA. The latest documents essentially republish OFAC’s earlier guidance and FAQs on the sanctions easing and OFAC’s Statement…
As many will know, the deadline for a mutually-agreed long-term comprehensive solution between Iran and the E3/EU+3 (China, France, Germany, Russia, the UK and the US) to ensure that Iran’s nuclear programme is exclusively peaceful is fast approaching. We will be closely monitoring the situation and reporting any developments concerning the sanctions regimes against Iran on this blog.Iran continues in negotiations on two tracks, with the International Atomic Energy Association (IAEA) on the one hand…
Today, the US State and Treasury Departments imposed sanctions against over 30 parties linked to Iran, including five Iranian banks, an Iranian-owned Russian bank, two airlines, two logistics companies, six vessels, and several shipping and energy companies. The designations have been made under a variety of different sanctions authorities, including sanctions targeting Iran, global terrorism and WMD proliferation. Some parties were designated for providing material support to other designated parties. These actions demonstrate the US…