THE JCPOA AND ITS IMPLEMENTATIONmeasures and defines the schedule and commitments to be undertaken by all parties to lead to the termination of restrictive measures against Iran.
On 20 July 2015, the UN Security Council adopted Resolution 2231(2015) regarding the Joint Comprehensive Plan of Action (JCPOA), agreed by Iran and the E3/EU+3. This resolution endorses the JCPOA, allowed for certain exemptions to existing restrictive
Following legislative reviews of the JCPOA in the US and Iran, Adoption Day was declared on 18 October 2015 which set in motion the implementation of the provisions of the JCPOA. On Adoption Day the EU adopted the legislative framework to lift all ofits nuclear-related economic and financial sanctions.
The next milestone, Implementation Day was reached on 16 January 2016 after the IAEA verified that Iran had fulfilled its commitments. On Implementation Day the EU legislative framework providing for the lifting of economic and financial nuclear-related sanctions entered into effect. UN financial nuclear-related sanctions and US secondary nuclear-related sanctions were also lifted. A comprehensive Information Note on the lifting of sanctions providing clarity to EU business operators on the new
The next stage of the JCPOA is for the EU was supposed to be on Transition Day, eight years after Adoption Day (i.e. in 2023).relevant press release about the EU Council's decision to 'maintain restrictive measures'
Transition Day should have triggered the lifting of the remaining EU nuclear-related sanctions, ballistic missile restrictions, and related designations.
However, in view of Iran not fulfilling its commitments under the JCPoA as reported by the IAEA since 2019, the Council considered that the Union had valid grounds for maintaining all these restrictive measures. For more details, follow the link to the
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