Iran Sanctions to be partially lifted

Export Control, Iran, Sanctions

Berne, 21 October 2015 - The Federal Council of Switzerland declared that it welcomed the formal adoption of the JCPOA on 18 October 2015 by the E3/EU+3 (China, Russia, USA, Germany, France, UK) and Iran which is an important step regarding the implementation of the nuclear agreement. The Federal Council announced to ease the current sanctions against Iran on "Implementation Day" and together with the UN and the EU. This measure will enhance the possibilities of Swiss entities to conduct business with Iran.

The "Implementation Day" shall take place as soon as the International Atomic Energy Agency confirmed Iran's compliance with the JCPOA. Until then, Swiss sanctions currently in place against Iran will remain in place.

Please do not hesitate to contact us if you need further information.

* Dr. Andreas Glarner

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