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EU Starts Implementing Nuclear Agreement

EU Starts Implementing Nuclear AgreementEU Starts Implementing Nuclear Agreement

The European Council on Friday said it adopted the first legal acts implementing the latest Iran nuclear deal, which would allow for certain relief of sanctions against Iran. The Joint Comprehensive Plan of Action on the Iranian nuclear issue was reached on July 14 in Vienna, and the United Nations Security Council adopted a resolution endorsing the JCPOA on July 20, Xinhua reported.

"This resolution provides for certain derogations from restrictions currently in place so as to allow the shipment of certain nuclear-related equipment out of Iran, the modification of two cascades in Fordow and the modernization of the Arak reactor; transfers and activities necessary to implement certain nuclear-related commitments specified in the JCPOA or required for the preparation for the implementation of the JCPOA," the council said in a press release. It said the legal acts adopted by the council translate into EU law these provisions and the legal acts are available in the official journal dated August 1.

 

Financialtribune.com