October 20, 2015

"The United States and Europe began preparations to lift trade sanctions that have hobbled the Iranian economy as a historic nuclear deal came into effect on Sunday, 90 days after the UN Security Council endorsed the accord.

Foreign firms will not be able to resume ties with Iran's oil industry and banks right away, as sanctions will remain in place until Iran fulfills its end of the bargain.

The implementation of the sanction-lifting agreement will only occur once UN nuclear watchdog the International Atomic Energy Agency (IAEA) confirms that Iran has dramatically scaled back its nuclear program."

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http://www.globaltimes.cn/content/947993.shtml