Iran Sanctions Update — July 2014

At the end of November 2013, the P5+1 (the US, UK, Germany, France, Russia and China) reached an agreement with Iran to suspend certain EU and US sanctions against Iran in return for a curb on Iran’s nuclear programme. The suspension of certain sanctions came into force on 20 January 2014 for an initial period of six months, i.e. until 19 July 2014, during which time the parties were to seek to reach agreement on a permanent deal in respect of Iran’s nuclear programme…

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