Iran nuclear deal: Council adopts the legal acts to prepare for the lifting of all nuclear-related economic and financial EU sanctions
Today (18 October 2015), the Council has adopted the legal acts providing for the lifting of all nuclear-related economic and financial EU sanctions as specified in the Joint Comprehensive Plan of Action (JCPOA). These legal acts will take effect only on "implementation day", simultaneously with the International Atomic Energy Agency (IAEA) verification of the implementation by Iran of agreed nuclear-related measures.
The Joint Comprehensive Plan of Action comes into effect today, it is the day referred to as "adoption day", that is 90 days after the United Nations Security Council adopted a resolution endorsing the JCPOA (20 July 2015). As foreseen, the EU adopted the legal acts to prepare for the lifting of all nuclear-related economic and financial EU sanctions on implementation day. This implies that sanctions will not be lifted before that date.
The legal acts are available in the Official Journal dated 18 October. They were adopted by the Council by written procedure.