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Implementation Day: sanctions are lifted on Iran
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On 16 January 2016, the US and the EU lifted most oil and banking sanctions on Iran, triggering the nuclear deal’s “Implementation Day” and releasing more than US$50 billion in frozen oil export revenues. Shortly before, the International Atomic Energy Agency issued a report confirming that Iran has complied with its nuclear-related commitments. The lifting of sanctions allows Iran to further increase oil exports and foreign investment in its upstream sector is now one step closer.
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- Implementation Day: sanctions are lifted on Iran
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