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EU Partially Suspends Iran Sanctions Under Nuclear Deal

On 20 January 2014, the Council of the European Union (EU) agreed to temporarily suspend certain sanctions against Iran, namely those relating to (re)insurance and transport services for Iranian crude oil, supply of petrochemical products, and trade in gold and precious metals. The Council also eased certain restrictions on financial transactions with Iran. These suspensions entered into force for a six-month period on 20 January 2014. All other EU sanctions against Iran remain in place.

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