Frequently Asked Questions Relating to the Extension of Temporary Sanctions Relief through June 30, 2015 to Implement the Joint Plan of Action

November 26, 2014

1. Q: What types of sanctions relief will be provided to Iran pursuant to the JPOA during the JPOA Relief Period?

The USG has committed to suspend temporarily 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 USG will also coordinate with Iran regarding the use of financial channels established in furtherance of the JPOA to facilitate 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. The USG will issue a favorable licensing policy in furtherance of the JPOA in connection with transactions related to the safety of Iran’s civil aviation industry. Finally, during the JPOA Relief Period, the USG will pause efforts to further reduce Iran’s crude oil exports and will enable Iran to access an agreed amount of Restricted Funds in installments. Unless otherwise noted, these relief measures do not include transactions with persons on the U.S. Treasury Department’s Office of Foreign Assets Control’s (OFAC) List of Specially Designated Nationals and Blocked Persons
(the SDN List) (http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx).

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