In our alert of 8 July, we reported that the P5+1 and Iran had announced the extension of the Joint Plan of Action Relief Period (the JPOA Relief Period) to today, 10 July 2015.
Negotiations with Iran continue. To allow more time for the parties involved to reach a long-term solution, the JPOA Relief Period has been further extended to Monday, 13 July 2015. As with the previous extension, the suspension and relaxation of sanctions remain in place in identical form. No additional sanctions have been suspended. All activities conducted under the JPOA must be concluded by 13 July 2015.
For a summary of the JPOA measures and links to more detailed commentary, please see our alert of 1 July.
If you have any queries about the contents of this alert, or about sanctions regimes in general, please contact one of the authors of this alert, firstname.lastname@example.org or your usual contact at Reed Smith.
Client Alert 2015-193