“Implementation Day” Sanctions Relief Provided to Iran by UN, US, and EU

On January 16, 2016, the International Atomic Energy Agency (IAEA) verified that Iran has met its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA). On this day, known as “Implementation Day,” the United Nations (UN), United States (US) and European Union (EU) implemented certain Iran sanctions relief pursuant to their JCPOA commitments.


On Implementation Day, the IAEA verified that Iran had implemented certain agreed-upon nuclear-related measures under the terms of the July 14, 2015 JCPOA. In a joint statement issued by EU High Representative Federica Mogherini and Iranian Foreign Minister Javad Zarif, it was confirmed that “Implementation Day” under the JCPOA was reached.1 US Secretary of State John Kerry also confirmed that the IAEA verified Iran had implemented its commitments.2


Accordingly, as of January 16, 2016, the UN, US, and EU have lifted certain nuclear-related sanctions that were previously imposed on Iran in connection with its nuclear activity. A detailed summary of the UN, US, and EU sanctions relief under the JCPOA and the related timeline for full JCPOA implementation is available in a previous alert.


The key developments on Implementation Day are as follows.


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