EU to announce end of Iran sanctions Sunday
ISNA - Iranian Students' News Agency
Sat 17 Oct 2015 - 10:34
TEHRAN (ISNA)- The EU will announce Sunday the formal end to economic sanctions imposed on Iran over its nuclear program, Western diplomatic sources said.
They said the decision will take effect around the end of the year after the International Atomic Energy Agency (IAEA) certifies that Iran has met its commitments under a July accord with the P5+1 to curb its nuclear program in return for lifting sanctions.
'The EU will adopt the legislative framework for lifting all nuclear-related economic and financial sanctions but this will of course only apply ... once the IAEA would have ticked all the boxes,' one of the sources said.
'My own assessment is that implementation can be expected to take place at the end of the year, (or) the beginning of next year, but of course only once the IAEA has given the green light,' said the source who asked not to be named.
Sunday's announcement will complete the 90-day adoption stage of the July agreement reached between Iran and the five permanent UN Security Council members -- Britain, China, France, Russia and the United States -- plus Germany.
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