US, EU lift certain sanctions on Iran after IAEA report


Jan 17, 2016 (LBO) – The United States and European Union have officially lifted certain sanctions against Iran after the UN nuclear watchdog released a statement saying Iran has fulfilled necessary steps to start the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program.

The report has been submitted to the International Atomic Energy Agency (IAEA) Board of Governors and to the United Nations Security Council.

“It was issued after Agency inspectors on the ground verified that Iran has carried out all measures required under the JCPOA to enable Implementation Day to occur.” IAEA Director General Yukiya Amano said in a statement.

Iran will now start to provisionally implement the Additional Protocol to its Safeguards Agreement with the IAEA.

Together with other nuclear-related measures under the JCPOA, this increases the Agency’s ability to monitor nuclear activities in Iran and to verify that they are peaceful.

Following the statement UN Secretary-General Ban Ki-moon welcomed the achievement of having reached “Implementation Day,” highlighting that he is heartened by the lifting of sanctions on Iran.

Meanwhile, making a statement US Treasury Secretary Jacob J. Lew said the report does not resolve other areas where Iran’s behavior remains unacceptable.

“We will continue to target sanctionable activities outside of the JCPOA – including those related to Iran’s support for terrorism, regional destabilization, human rights abuses, and ballistic missile development,” Lew said.

“It is also important to note that, other than certain limited exceptions provided for in the JCPOA, the U.S. embargo broadly remains in place, meaning that U.S. persons, including U.S. banks, will still be prohibited from virtually all dealings with Iranian entities.” Lew further said.

In July, Iran and a group of six countries – China, France, Germany, Russia, United Kingdom and United States – reached the JCPOA, entrusting the IAEA with verifying and monitoring Iran’s commitments.

Under the plan, Iran pledged never under any circumstances to seek, develop or acquire nuclear weapons, and the UN Security Council is to consider ending sanctions imposed for its Nuclear Non-Proliferation Treaty (NPT) violations.

US Secretary of State John Kerry’s remarks on Implementation Day…