Frequently Asked Questions Relating to the Extension of Temporary Sanctions Relief to Implement the Joint Plan of Action Between the P5+1 and the Islamic Republic of Iran

July 21, 2014

Weapon Program: 

  • Nuclear

Mentioned Suspect Entities & Suppliers: 

Pursuant to the Joint Plan of Action (JPOA), reached on November 24, 2013, between the P5+1 (China, France, Germany, Russia, the United Kingdom and the United States, coordinated by the European Union's High Representative) and the Islamic Republic of Iran, the U.S. government (USG) committed to suspend temporarily between January 20, 2014, and July 20, 2014, certain sanctions involving Iran's purchase and sale of gold and other precious metals, Iran's export of petrochemical products, Iran's automotive industry, and certain associated services regarding each of the foregoing. The JPOA also included a commitment to establish financial channels to faciliate Iran's import of certain humanitarian goods to Iran, payment of medical expenses incurred by Iranians abroad, payments of Iran's UN obligations, and payments of $400 million in governmental tuition assistance for Iranian students studying abroad. In addition, the JPOA included a commitment to license certain transactions related to the safety of Iran's civil aviation industry. Finally, the USG committed to pause efforts to further reduce Iran's crude oil exports and to enable Iran to access $4.2 billion in Restricted Funds in installments over the course of the six-month period beginning January 20, 2014, and ending July 20, 2014 (the JPOA Period).

The JPOA was renewed on July 19, 2014, by mutual consent of the P5+1 and Iran, extending the temporary sanctions relief provided under the JPOA to cover the period beginning on July 21, 2014, and ending November 24, 2014 (the Extended JPOA Period), in order to continue to negotiate a long-term comprehensive solution to ensure that Iran's nuclear program will be exclusively peaceful. During the Extended JPOA Period, the sanctions relief the USG committed to during the JPOA will be continued as set out below. The USG retains the authority to revoke this limited sanctions relief at any time if Iran fails to meet its commitments under the JPOA.