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How EU would lift Iran sanctions after nuclear deal

If a nuclear deal is reached between Iran and the P5+1, the EU will take a series of established steps to lift its autonomous sanctions currently in place against Iran.
European Union Foreign Policy Chief Catherine Ashton (L) and Iranian Foreign Minister Mohammad Javad Zarif wait to begin talks in Vienna July 3, 2014. Iran and six world powers are aiming for a deal this month in marathon talks to end their long-running dispute over Tehran's nuclear program and dispel fears of a new Middle East war. REUTERS/Heinz-Peter Bader  (AUSTRIA - Tags: POLITICS) - RTR3WX57

One week into the marathon talks underway in Vienna between the the five permanent members of the UN Security Council plus Germany (P5+1) and Iran, speculation has started to emerge as to what a comprehensive agreement on the long-outstanding nuclear issue would entail in terms of obligations and concessions for Tehran, with the issue of sanctions being one of the sticking points in the negotiations.

In the past days, the two sides seem to have agreed that, in exchange for verifiable curbs on the Iranian nuclear program, phased, comprehensive sanctions relief would be part of a long-term agreement. The deal would progressively unwind the complex and multilayered legislation imposed against Tehran, comprising UN Security Council resolutions as well as US and EU sanctions. While details on the order and nature of the sanctions relief measures are still unknown and subject to technical discussions, the Iranian authorities would like to see the sanctions lifted sooner rather than later, considering the tremendous impact they had on the Iranian economy.

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