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

January 20, 2014

Weapon Program: 

  • Nuclear

Mentioned Suspect Entities & Suppliers: 

In the Joint Plan of Action (JPOA) the U.S. government (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 JPOA also includes a commitment to establish financial channels 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. In addition, the JPOA includes a commitment to license certain transactions related to the safety of Iran’s civil aviation industry. Finally, in the JPOA the USG has 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). 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).