In January 2014, the P5+1 (China, France, Germany, Russia, the UK and the US) agreed a six month suspension of EU and US sanctions against Iran as part of the Geneva Joint Plan of Action (the "JPoA"). It was announced on 21 July 2014 that the JPoA will be extended until 24 November 2014 to allow negotiations between the P5+1 and Iran to continue.
Both the UK and US have made announcements relating to the extension and the EU has published Council Decision 2014/480/CFSP which extends the previous relaxations until 24 November. For more details, click here.
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