The Iranian news agency, IRNA, reported that on October 13, 2015, the Iranian Parliament (Majlis)approved implementation of the Joint Comprehensive Plan of Action (JCPOA) that was signed by Iran and the P5+1 (China, France, Russia, the United Kingdom, and the United States, Germany) supported by the European Union. The vote was 161 in favor, 59 against and 13 abstentions. IRNA reported that on October 14, 2015, the Guardian Council approved passage. The agreement was expected to…
On August 4, 2014, the Office of Foreign assets Control (OFAC), Treasury, published in the Federal Register a notice publishing Guidance Relating to the Provision of Certain Temporary Sanctions Relief in Order to Implement the Joint Plan Of Action (JPOA) Reached on November 24, 2013, between the P5 + 1 and the Islamic Republic of Iran, as Extended Through November 24, 2014 (Guidance). In return for Iran’s commitment to place meaningful limits on its nuclear…