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Announcement on Sanctions Removal Expected Today

Announcement on Sanctions Removal Expected Today
Announcement on Sanctions Removal Expected Today

A senior nuclear negotiator said the July nuclear deal would reach a key milestone today, formally known as the Adoption Day, when parties to the accord start making arrangements and preparations for implementing their commitments.

As agreed under the pact, on the Adoption Day, the US, the EU and Iran announce a series of measures to comply with the pact that will take effect once the UN nuclear agency confirms Iranian compliance with terms of the agreement.

"As the legal procedures for approval of the deal in state parties have been completed, Sunday, the 90-day mark [after the deal was endorsed on July 20 by a United Nations Security Council's resolution], will be announced as the Adoption Day," Abbas Araqchi said on Friday.

The agreement between Iran and the P5+1 (the five permanent members of the UNSC plus Germany), officially known as the Joint Comprehensive Plan of Action, will give Tehran relief from sanctions in return for temporary constraints on its nuclear program.

Araqchi said Foreign Minister Mohammad Javad Zarif and European Union foreign policy chief Federica Mogherini were due to release a joint statement today, IRNA reported.

"The EU ministerial council will terminate EU sanctions. US President Barack Obama will cancel previous executive orders authorizing sanctions and will cease congressional sanctions. All these will be formally announced."

However, these decisions will not go into effect until the Implementation Day, when Iran is confirmed to have fully complied with agreed measures, the head of the Foreign Ministry's committee for implementation of the JCPOA noted.

  Joint Commission to Meet

The Joint Commission, to be established in compliance with the action plan, will hold its first meeting in Vienna on Monday, Araqchi said, adding that discussions about details of the two sides' commitments until the Implementation Day will be among the topics on the agenda of the one-day meeting.

The Joint Commission, consisting of representatives of all parties to the JCPOA, is tasked with monitoring the deal and addressing issues arising from its implementation.

Iran's move to test a new precision-guided ballistic missile last week has prompted disquiet among some western officials arguing that the test is in violation of UN resolutions.

The White House said on Tuesday although there is strong indication that the move has violated Resolution 1929 of the UNSC, it would not complicate efforts to implement the July nuclear accord.

Resolution 1929 dates from 2010 and remains valid until the accord goes into force.

"Fortunately, the explicit stance adopted and announced by western states, particularly the US State Department, that the UN resolution is separate from the JCPOA, allayed domestic concerns," Araqchi said.

"Iran's missile tests are by no means in breach of the JCPOA," he added.

Financialtribune.com