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On
July 14, 2015, the P5+1 (China, France, Germany, Russia, the United
Kingdom, and the United States), the European Union, and Iran
reached a Joint Comprehensive Plan of Action (JCPOA) to ensure that Iran’s
nuclear program will be exclusively peaceful. October 18, 2015
marked Adoption Day of the JCPOA, the date on which the JCPOA came into effect
and participants began taking steps necessary to implement their JCPOA
commitments. Today, January 16,
2016, marks Implementation Day of the JCPOA. On this historic day,
the International Atomic Energy Agency (IAEA) has verified that
Iran has implemented its key nuclear-related measures described in the JCPOA,
and the Secretary State has confirmed the IAEA’s
verification. As a result of Iran verifiably meeting its
nuclear commitments, the United States is today lifting nuclear-related
sanctions on Iran, as described in the JCPOA.
In
connection with reaching Implementation Day, today the Department of the
Treasury’s Office of Foreign Assets Control (OFAC) issued several
documents. Specifically, OFAC posted to its website: Guidance Relating to the Lifting of Certain Sanctions Pursuant to
the Joint Comprehensive Plan of Action on Implementation Day; Frequently Asked Questions Relating to the Lifting of Certain U.S.
Sanctions Under the Joint Comprehensive Plan of Action (JCPOA) on Implementation
Day; General License H: Authorizing Certain Transactions relating to
Foreign Entities Owned or Controlled by a United States Person; and a Statement of Licensing Policy for Activities Related to the
Export or Re-Export to Iran of Commercial Passenger Aircraft and Related Parts
and Services. The aforementioned documents are effective today, January
16,
2015.
In
addition, OFAC has submitted for publication in the Federal Register a final rule adding a general
license under the Iranian Transactions and Sanctions Regulations, 31
C.F.R. part 560, relating to the importation into the United States of
Iranian-origin carpets and foodstuffs, including pistachios and caviar ;
this general license will be effective upon publication in the Federal
Register.
OFAC has also published to its website
additional information regarding actions to give effect to other JCPOA
commitments, including removals from the Specially Designated Nationals and Blocked Persons
List, the Foreign Sanctions Evaders List, and/or the
Non-SDN Iran Sanctions Act List, as
appropriate. In addition, OFAC has made available on its website a
list of persons identified as blocked solely pursuant to Executive Order 13599
(“E.O. 13599 List”), which consists of
persons that OFAC previously identified as meeting the definition of the
Government of Iran or an Iranian financial institution. Information regarding these changes to
OFAC’s sanctions lists is available on OFAC’s Recent Actions website. This information will be
published subsequently in the Federal Register.
Implementation Day also marks the close
of the Joint Plan of Action of November 24, 2013, as extended (JPOA), including
the provision of sanctions relief pursuant to the JPOA.
Effective Implementation Day, all
specific licenses that: (1) were issued pursuant to OFAC’s Second Amended
Statement of Licensing Policy on Activities Related to the Safety of Iran’s
Civil Aviation Industry, and (2) have an expiration date on or before July
14, 2015, are hereby authorized to remain in effect according to their terms
until May 31, 2016.
For more information on this specific action, please visit our Recent Actions page. |
