Vienna : World powers have lifted the economic sanctions imposed against Iran over its nuclear programme following the implementation of the atomic deal by Tehran in July last year.
As reported by TASS, the European Union has lifted all economic and financial sanctions against Iran related to the nuclear program. This decision was made in connection with the International Atomic Energy Agency (IAEA) confirming that Iran is fulfilling its obligations under the Joint Comprehensive Plan of Action (JCOA).
U.S. Secretary of State John Kerry also confirmed that the International Atomic Energy Agency (IAEA) verified the implementation of Iran’s obligations under the Joint Comprehensive Plan of Action (JCOA). U.S. commitments connected with the removal of sanctions enter into force.
After the US sanctions against Iran were lifted, Iran will receive access to previously frozen assets in the amount of USD 50 billion.
In a press briefing, the White House declared that Iran will be able to access their previously blocked funds. (ANI)