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On 20 January 2014, the Official Journal published Council Regulation of 20 January 2014 amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran [2014/42/EU] and Council Decision 2014/21/CFSP of 20 January 2014 amending Council Decision 2010/413/CFSP concerning restrictive measures against Iran which eased for six months, the restrictive measures against Iran in accordance with the 24 November 2013, Joint Plan of Action agreement reached with Iran by China, France, Germany, the Russian Federation, the United Kingdom and the United States, supported by the High Representative of the Union for Foreign Affairs and Security Policy. The Joint Action Plan sets out an approach towards reaching a long- term comprehensive solution to the Iranian nuclear issue.
It was agreed that the process leading to this comprehensive solution would include, as a first step, initial mutually-agreed measures to be taken by both sides for a duration of six months, renewable by mutual consent. As part of this first step, Iran has undertaken a number of voluntary measures as specified in the Joint Plan of Action. In return, a number of voluntary measures have been undertaken which includes the suspension by the EU, for a duration of six months, during which the relevant contracts would have to be executed, of the following restrictive measures:
Furthermore, in accordance with the Joint Plan of Action, the EU has increased by tenfold the authorisation thresholds in relation to the transfers of funds to and from Iran. |
