Landmark Deal Reached in Iran Nuclear Negotiations

Iran and the “P5+1” countries (the United States, United Kingdom, France, Russia, China, and Germany) reached a landmark understanding today.  This agreement involved strict limitations and very strict inspections on Iran’s nuclear program, which President Obama claims to be the most intrusive inspections of any country’s nuclear file.  Some of these limitations will last as long as 20 years.

The deal offers Iran some sanctions relief in return for the limitations on its nuclear program.  Specifically, it will result in the removal of those United Nations (U.N.) Security Council, U.S. and European Union (EU) sanctions that were imposed as a result of Iran’s nuclear program.  Notably, however, the deal will not cause the removal of sanctions imposed on Iran for its support of international terrorism, its human rights abuses, or its ballistic missiles program.  As such, a fairly robust framework of U.S. sanctions will remain in place, likely including the Iranian Transactions and Sanctions Regulations (the “ITSR”).  More details and analysis to follow soon.

An international trade compliance (sanctions, export controls, customs, anti-corruption) and defense lawyer.

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Akrivis Law Group, PLLC
Washington, DC

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This website aims to provide notes and commentary on international legal, business, and political developments in economic and other sanctions. It is intended solely for information and entertainment purposes and should in no way be construed as legal advice. Laws, regulations, and policies change from time to time so some information on older posts can very easily be dated. If you have any questions or are unclear on any of the subject matters addressed or discussed on this site, please consult a licensed legal professional. Views presented in the comments and outside links do not necessarily reflect those of the website author. All external links on this website to articles and documents are external and provided for informational purposes only. They have no relation to the author of this website unless specified otherwise.

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