USA, EU to lift sanctions against 14 Iranian petrochemical companies

28-Jan-14
USA and European Union are to exclude 14 Iranian major petrochemical companies from the list of sanctions very shortly. This is expected after the implementation of the Geneva deal on January 20, as per Islamic Republic News Agency. After several days of intensive talks, Iran and the Group 5+1 (US, Russia, Britain, France and China plus Germany) made a nuclear deal in the Swiss city of Geneva on November 24, 2013. Experts of the two sides organized a mechanism or a joint plan of action for implementation of the agreement and proposed January 20 for its implementation. The agreement is for a period of six months during which the relevant countries hope to seal a final comprehensive deal that would ultimately result in the permanent lifting of all sanctions against Teheran.
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