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Sunday, October 18, 2015

TNT:Treasury will begin issuing Iran sanctions waivers under Obama order, 18 OCT

    • yekooche said
      12:29 PM Oct 18, 2015
    USA TODAY
    11:52 a.m. EDT October 18, 2015
         WASHINGTON — President Obama signed an order Sunday directing his administration to begin issuing waivers to Iran nuclear sanctions — but the waivers will only go into effect once Iran meets its obligations under the agreement limiting its nuclear program.
         The presidential memorandum marks what's being called "adoption day" for the international agreement intended to roll back Iran's nuclear program. The milestone, four administration officials said, is a mere formality, driven more by the calendar than by any action by Iran.
         Obama directed Secretary of State John Kerry to issue the waivers and to "take all appropriate additional measures to ensure the prompt and effective implementation of the U.S. commitments" in the agreement.
         Sunday marks 90 days since the United Nations Security Council approved the agreement. "So adoption day is a calendar-driven event and it’s the day at which all the parties begin to take the steps they need to make sure they take to get to implementation day," said State Department spokesman John Kirby. "And we’re not at implementation day; that’s a whole different purpose."
         No date is set for implementation day. Under the agreement, formally known as the Joint Comprehensive Plan of Action, implementation will come only when the International Atomic Energy Agency certifies that Iran has lived up to its obligations to reduce its stockpiles of enriched uranium, dismantle two-thirds of its centrifuges, and halt construction of new nuclear facilities..
         Western officials have said they expect that to take four to six months. Iran is motivated to act quickly, said one of the four senior administration officials, who spoke on condition of anonymity under ground rules set by the State Department.
         The agreement, signed by the United States, the United Kingdom, France, Russia, China, Germany and Iran, requires Obama and the European Union to direct the issuance of waivers on adoption day. Even though they won't go into effect for months, the arrangement allows businesses to know what sanctions are being waived, another senior administration official said.
    ...
    ------ Update  REUTERS
         Senior officials from the six world powers, Iran and the European Union will hold a first meeting in Vienna on Monday to monitor implementation of Iran's commitments, a Western diplomat said.


    -- Edited by yekooche on Sunday 18th of October 2015 12:40:42 PM
    • GreatlyBlessed said
      01:03 PM Oct 18, 2015


    President Obama orders Iran sanctions waivers -- URGENT

    Washington, Oct 18, IRNA -- President Obama signed an order Sunday directing his administration to issue waivers to Iran nuclear sanctions — the waivers go into effect on Adoption Day of JCPOA struck on July 14.

    The presidential memorandum marks what's being called 'adoption day' for the international agreement intended to roll back Iran's nuclear program. 


    Sunday marks 90 days since the United Nations Security Council approved the agreement. 'So adoption day is a calendar-driven event and it’s the day at which all the parties begin to take the steps they need to make sure they take to get to implementation day,' said State Department spokesman John Kirby.

    Under the agreement, formally known as the Joint Comprehensive Plan of Action, implementation will come only when the International Atomic Energy Agency verifies that Iran has lived up to its obligations to reduce its stockpiles of enriched uranium, dismantle two-thirds of its centrifuges, and halt construction of new nuclear facilities.

    Western officials have said they expect that to take four to six months. 

    The agreement, signed by the United States, the United Kingdom, France, Russia, China, Germany and Iran, requires President Obama and the European Union to direct the issuance of waivers on adoption day.
    2329**1416

    www.irna.ir/en/News/81804444/



    -- Edited by GreatlyBlessed on Sunday 18th of October 2015 01:05:20 PM
    • GreatlyBlessed said
      01:23 PM Oct 18, 2015
    www.treasury.gov/resource-center/sanctions/Programs/pages/iran.aspx

    Statement Relating to the Joint Comprehensive Plan of Action “Adoption Day” of October 18, 2015


    --------------------------------------------------------------------------------

    On July 14, 2015, the P5+1, 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 marks “Adoption Day” under the JCPOA – the day on which the JCPOA becomes effective and participants begin to make the necessary preparations for implementation of their JCPOA commitments. In connection with Adoption Day, the President today issued a memorandum directing the Secretary of State, the Secretary of the Treasury, the Secretary of Commerce, and the Secretary of Energy to take all appropriate preparatory measures to ensure the prompt and effective implementation of the U.S. commitments set forth in the JCPOA upon Iran’s fulfillment of the requisite conditions. In particular, the President directed the agencies to take steps to give effect to the U.S. commitments with respect to sanctions described in the JCPOA beginning on Implementation Day, which will occur only once the IAEA verifies that Iran has implemented key nuclear-related measures described in the JCPOA.

    In addition, the Secretary of State today issued contingent waivers of certain statutory sanctions provisions. These waivers are not currently in effect and will only take effect on Implementation Day. 

    Until Implementation Day is reached, the only changes to the Iran-related sanctions are those provided for in the Joint Plan of Action (JPOA) of November 24, 2013, as extended. See the August 7, 2015 revised guidance, Frequently Asked Questions, and the Third Amended Statement of Licensing Policy on Activities Related to the Safety of Iran’s Civil Aviation Industry for additional information regarding the sanctions-related commitments under the JPOA. Even after Implementation Day, U.S. persons will continue to be broadly prohibited from engaging in transactions or dealings involving Iran, including the Government of Iran, with the exception of a few specific categories of transactions that OFAC will license pursuant to the JCPOA. 

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Frequently Asked Questions relating to Adoption Day. OFAC will provide further guidance on the sanctions measures that will be lifted pursuant to the JCPOA, as well as those measures that will remain in place, prior to Implementation Day.

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