SANCTIONS
18. The
UN Security Council resolution endorsing this JCPOA will terminate all
provisions of previous UN Security Council resolutions on the Iranian nuclear
issue - 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1835 (2008), 1929
(2010) and 2224 (2015) – simultaneously with the IAEA-verified implementation
of agreed nuclear-related measures by Iran and will establish specific
restrictions, as specified in Annex V.[1]
19. The
EU will terminate all provisions of the EU Regulation, as subsequently amended,
implementing all nuclear-related economic and financial sanctions, including
related designations, simultaneously with the IAEA-verified implementation of
agreed nuclear-related measures by Iran as specified in Annex V, which cover
all sanctions and restrictive measures in the following areas, as described in
Annex II:
i.
Transfers of funds
between EU persons and entities, including financial institutions, and Iranian
persons and entities, including financial institutions;
ii.
Banking activities,
including the establishment of new correspondent banking relationships and the
opening of new branches and subsidiaries of Iranian banks in the territories of
EU Member States;
iii.
Provision of insurance and
reinsurance;
iv.
Supply of specialised
financial messaging services, including SWIFT, for persons and entities set out
in Attachment 1 to Annex II, including the Central Bank of Iran and Iranian
financial institutions;
v.
Financial support for trade with Iran
(export credit, guarantees or insurance);
vi.
Commitments for
grants, financial assistance and concessional loans to the Government of Iran;
vii.
Transactions in public or
public-guaranteed bonds;
viii.
Import and transport
of Iranian oil, petroleum products, gas and petrochemical products;
ix.
Export of key
equipment or technology for the oil, gas and petrochemical sectors;
x.
Investment in the oil, gas and
petrochemical sectors;
xi.
Export of key naval equipment and
technology;
xii.
Design and construction of cargo
vessels and oil tankers;
xiii.
Provision of flagging and
classification services;
xiv.
Access to EU airports of Iranian cargo
flights;
xv.
Export of gold, precious metals and
diamonds;
xvi.
Delivery of Iranian banknotes and
coinage;
xvii.
Export of graphite,
raw or semi-finished metals such as aluminum and steel, and export or software
for integrating industrial processes;
xviii.
Designation of
persons, entities and bodies (asset freeze and visa ban) set out in Attachment
1 to Annex II; and
xix.
Associated services for each of the
categories above.
20. The
EU will terminate all provisions of the EU Regulation implementing all EU
proliferation-related sanctions, including related designations, 8 years after
Adoption Day or when the IAEA has reached the Broader Conclusion that all
nuclear material in Iran remains in peaceful activities, whichever is earlier.
21. The
United States will cease the application, and will continue to do so, in
accordance with this JCPOA of the sanctions specified in Annex II to take
effect simultaneously with the IAEA-verified implementation of the agreed
nuclear-
related measures by Iran as specified
in Annex V. Such sanctions cover the
following areas as described in Annex
II:
i.
Financial and banking
transactions with Iranian banks and financial institutions as specified in
Annex II, including the Central Bank of Iran and specified individuals and
entities identified as Government of Iran by the Office of Foreign Assets
Control on the Specially Designated Nationals and Blocked Persons List (SDN
List), as set out in Attachment 3 to Annex II (including the opening and
maintenance of correspondent and payable through-accounts at non-U.S. financial
institutions, investments, foreign exchange transactions and letters of
credit);
ii.
Transactions in Iranian Rial;
iii.
Provision of U.S. banknotes to the
Government of Iran;
iv.
Bilateral trade
limitations on Iranian revenues abroad, including limitations on their
transfer;
v.
Purchase,
subscription to, or facilitation of the issuance of Iranian sovereign debt,
including governmental bonds;
vi.
Financial messaging
services to the Central Bank of Iran and Iranian financial institutions set out
in Attachment 3 to Annex II;
vii.
Underwriting services, insurance, or
reinsurance;
viii.
Efforts to reduce Iran’s crude oil
sales;
ix.
Investment, including
participation in joint ventures, goods, services, information, technology and
technical expertise and support for Iran's oil, gas and petrochemical sectors;
x.
Purchase,
acquisition, sale, transportation or marketing of petroleum, petrochemical
products and natural gas from Iran;
xi.
Export, sale or
provision of refined petroleum products and petrochemical products to Iran;
xii.
Transactions with Iran's energy
sector;
xiii.
Transactions with Iran’s shipping and
shipbuilding sectors and port operators;
xiv.
Trade in gold and other precious
metals;
xv.
Trade with Iran in
graphite, raw or semi-finished metals such as aluminum and steel, coal, and
software for integrating industrial processes;
xvi.
Sale, supply or
transfer of goods and services used in connection with Iran’s automotive
sector;
xvii.
Sanctions on associated services for
each of the categories above;
xviii.
Remove individuals and entities set
out in Attachment 3 to Annex II from
the
SDN List, the Foreign Sanctions Evaders List, and/or the Non-SDN Iran
Sanctions Act List; and
xix.
Terminate Executive
Orders 13574, 13590, 13622, and 13645, and Sections 5 – 7 and 15 of Executive
Order 13628.
22. The United States
will, as specified in Annex II and in accordance with Annex V, allow for the
sale of commercial passenger aircraft and related parts and services to Iran;
license non-U.S. persons that are owned or controlled by a U.S. person to
engage in activities with Iran consistent with this JCPOA; and license the
importation into the United States of Iranian-origin carpets and foodstuffs.
23. Eight
years after Adoption Day or when the IAEA has reached the Broader Conclusion
that all nuclear material in Iran remains in peaceful activities, whichever is
earlier, the United States will seek such legislative action as may be
appropriate to terminate, or modify to effectuate the termination of, the
sanctions specified in Annex II on the acquisition of nuclear-related
commodities and services for nuclear activities contemplated in this JCPOA, to
be consistent with the U.S. approach to other non-nuclear-weapon states under
the NPT.
24. The
E3/EU and the United States specify in Annex II a full and complete list of all
nuclear-related sanctions or restrictive measures and will lift them in
accordance with Annex V. Annex II also specifies the effects of the lifting of
sanctions
beginning on "Implementation Day". If at any time following the
Implementation Day, Iran believes that any other nuclear-related sanction or
restrictive measure of the E3/EU+3 is preventing the full implementation of the
sanctions lifting as specified in this JCPOA, the JCPOA participant in question
will consult with Iran with a view to resolving the issue and, if they concur
that lifting of this sanction or restrictive measure is appropriate, the JCPOA
participant in question will take appropriate action. If they are not able to
resolve the issue, Iran or any member of the E3/EU+3 may refer the issue to the
Joint Commission.
25. If
a law at the state or local level in the United States is preventing the
implementation of the sanctions lifting as specified in this JCPOA, the United
States will take appropriate steps, taking into account all available
authorities, with a view to achieving such implementation. The United States
will actively encourage officials at the state or local level to take into
account the changes in the U.S. policy reflected in the lifting of sanctions
under this JCPOA and to refrain from actions inconsistent with this change in
policy.
26. The
EU will refrain from re-introducing or re-imposing the sanctions that it has
terminated implementing under this JCPOA, without prejudice to the dispute
resolution process provided for under this JCPOA. There will be no new
nuclear-related UN Security Council sanctions and no new EU nuclear-related
sanctions or restrictive measures. The United States will make best efforts in
good faith to sustain this JCPOA and to prevent interference with the
realisation of the full benefit by Iran of the sanctions lifting specified in
Annex II. The U.S. Administration, acting consistent with the respective roles
of the President and the Congress, will refrain from re-introducing or
re-imposing the sanctions specified in Annex II that it has ceased applying
under this JCPOA, without prejudice to the dispute resolution process provided
for under this JCPOA. The U.S. Administration, acting consistent with the
respective roles of the President and the Congress, will refrain from imposing
new nuclear-related sanctions. Iran has stated that it will treat such a
re-introduction or re-imposition of the
sanctions
specified in Annex II, or such an imposition of new nuclear-related sanctions,
as grounds to cease performing its commitments under this JCPOA in whole or in
part.
27. The
E3/EU+3 will take adequate administrative and regulatory measures to ensure
clarity and effectiveness with respect to the lifting of sanctions under this
JCPOA. The EU and its Member States as well as the United States will issue
relevant guidelines and make publicly accessible statements on the details of
sanctions or restrictive measures which have been lifted under this JCPOA. The
EU and its Member States and the United States commit to consult with Iran
regarding the content of such guidelines and statements, on a regular basis and
whenever appropriate.
28. The
E3/EU+3 and Iran commit to implement this JCPOA in good faith and in a
constructive atmosphere, based on mutual respect, and to refrain from any
action inconsistent with the letter, spirit and intent of this JCPOA that would
undermine its successful implementation. Senior Government officials of the
E3/EU+3 and Iran will make every effort to support the successful
implementation of this JCPOA including in their public statements[2].
The E3/EU+3 will take all measures required to lift sanctions and will refrain
from imposing exceptional or discriminatory regulatory and procedural
requirements in lieu of the sanctions and restrictive measures covered by the
JCPOA.
29. The
EU and its Member States and the United States, consistent with their
respective laws, will refrain from any policy specifically intended to directly
and adversely affect the normalisation of trade and economic relations with
Iran inconsistent with their commitments not to undermine the successful
implementation of this JCPOA.
30. The
E3/EU+3 will not apply sanctions or restrictive measures to persons or entities
for engaging in activities covered by the lifting of sanctions provided for in
this JCPOA, provided that such activities are otherwise consistent with E3/EU+3
laws and regulations in effect. Following the lifting of sanctions under
this JCPOA as specified in Annex II,
ongoing investigations on possible
infringements of such sanctions may be
reviewed in accordance with applicable
national laws.
31. Consistent
with the timing specified in Annex V, the EU and its Member States will
terminate the implementation of the measures applicable to designated entities
and individuals, including the Central Bank of Iran and other Iranian banks and
financial institutions, as detailed in Annex II and the attachments thereto.
Consistent with the timing specified in Annex V, the United States will remove
designation of certain entities and individuals on the Specially Designated
Nationals and Blocked Persons List, and entities and individuals listed on the
Foreign Sanctions Evaders List, as detailed in Annex II and the attachments
thereto.
32. EU
and E3+3 countries and international participants will engage in joint projects
with Iran, including through IAEA technical cooperation projects, in the field
of peaceful nuclear technology, including nuclear power plants, research
reactors, fuel fabrication, agreed joint advanced R&D such as fusion,
establishment of a state-of-the-art regional nuclear medical centre, personnel
training, nuclear safety and security, and environmental protection, as
detailed in Annex III. They will take necessary measures, as appropriate, for
the implementation of these projects.
33. The
E3/EU+3 and Iran will agree on steps to ensure Iran’s access in areas of trade,
technology, finance and energy. The EU will further explore possible areas for
cooperation between the EU, its Member States and Iran, and in this context
consider the use of available instruments such as export credits to facilitate
trade, project financing and investment in Iran.
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