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EU has lifted Iran sanctions after nuclear deal compliance: European source

By AFP

Added 17th January 2016 04:06 PM

The lifting of the sanctions came into effect late Saturday after the decision was published in the bloc's Official Journal, less than an hour after the move was formally adopted by all 28 member states.

EU has lifted Iran sanctions after nuclear deal compliance: European source

Iranian Foreign Minister Mohammad Javad Zarif (R) and EU foreign policy chief Federica Mogherini hold a joint press conference during the E3/EU+3 and Iran talks at the International Atomic Energy Agency headquarters in Vienna on January 16, 2016. Photo/AFP

The lifting of the sanctions came into effect late Saturday after the decision was published in the bloc's Official Journal, less than an hour after the move was formally adopted by all 28 member states.



The European Union on Saturday lifted its economic sanctions against Iran after the UN atomic watchdog announced that Tehran had complied with the terms of last July's landmark deal aimed at scaling down its nuclear programme.

The lifting of the sanctions came into effect late Saturday after the decision was published in the bloc's Official Journal, less than an hour after the move was formally adopted by all 28 member states.

European Union foreign policy chief Federica Mogherini made the official announcement in Vienna.

"As Iran has fulfilled its commitments, today, multilateral and national economic and financial sanctions related to Iran's nuclear programme are lifted in accordance" with the July deal, Mogherini said in Vienna.

"This achievement clearly demonstrates that with political will, perseverance, and through multilateral diplomacy, we can solve the most difficult issues and find practical solutions that are effectively implemented," Mogherini said in a joint statement with Iranian Foreign Minister Mohammad Javad Zarif.

A total of 92 Iranians and 466 companies or groups, including the Iranian central bank, were affected by the EU sanctions.

The United States also announced that it had cancelled a raft of sanctions imposed on Tehran.

Some sanctions, not linked to the accord, will remain in place however, including European sanctions linked to human rights and US sanctions linked to terrorism.

Embargoes on the sales and exports of conventional weapons and ballistic missile technology will also remain in place -- for five years for conventional weapons and for eight years for ballistic missile technology.

 

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