Last Update 21:44
Tuesday, 17 September 2019

EU adopts legislative framework for lifting Iran sanctions

AFP , Sunday 18 Oct 2015
European Union
European Union flags flutter outside the EU Commission headquarters in Brussels (Reuters)
Share/Bookmark
Views: 556
Share/Bookmark
Views: 556

The European Union on Sunday adopted the framework for lifting its sanctions against Iran, although the measure will only take effect once Tehran has met its obligations under a landmark nuclear deal, EU foreign policy chief Federica Mogherini said.

"This is another important milestone that brings us a step closer to the beginning of implementation of the (nuclear agreement agreed in July), to which we are strongly committed," Mogherini said in a joint statement with Iranian Foreign Minister Javad Zarif.

"Iran will now start the implementation of its nuclear-related commitments with the objective of full and effective completion," it added.

The EU announcement came shortly after President Barack Obama ordered the US government to also take steps towards lifting sanctions on Iran.

The procedures began 90 days after the UN Security Council endorsed the accord struck between six world powers and Tehran in Vienna on July 14, under which Iran agreed to curb its nuclear programme in return for relief from damaging economic sanctions.

The EU sanctions are expected to be dismantled "around the end of the year or early next year" after the International Atomic Energy Agency certifies that Iran has met its commitments, a Western diplomat told AFP on Friday.

The EU and US sanctions have proved very damaging, locking up billions in Iranian assets overseas and starving the oil-dependent economy of crucially needed technology and investment.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.