19 Oct 2015 – West prepares to end sanctions on Iran

The United States and Europe have begun preparing to lift the trade sanctions that have hobbled the Iranian economy as a historic nuclear deal came into effect.

The procedure to lift the embargo began on Sunday, 90 days after the UN Security Council endorsed the accord signed in Vienna in July, a milestone referred to as ‘Adoption Day.’

But foreign firms will not be able to resume ties with Iran’s oil industry and banks right away – sanctions will remain in place until Iran fulfils its end of the bargain.

The next stage in the process – ‘implementation day’ – will only come when UN nuclear watchdog the IAEA confirms Iran has dramatically scaled back its nuclear program.

http://www.skynews.com.au/news/world/mideast/2015/10/19/west-prepares-to-end-sanctions-on-iran.html