Copyright: kagenmi / 123RF Stock Photo
Copyright: kagenmi / 123RF Stock Photo

On July 14, 2015, the so-called P5+1 countries (United States, United Kingdom, Germany, France, Russia and China) and Iran agreed on the Joint Comprehensive Plan of Action (the “JCPOA”) to lift certain sanctions on Iran in exchange for Iran’s assurance and commitment not to pursue certain weapons proliferations activities.   On July 20, 2015, the United Nations Security Council unanimously endorsed the JCPOA.


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