The European Union (EU) will announce a formal end to economic sanctions imposed on Iran this weekend, reports Agence France Presse.
Diplomatic sources involved in the negotiations said that the removal of sanctions would take immediate effect as soon as the International Atomic Energy Agency (IAEA) certified that Iran had met its commitments to the international community.
Speaking to the press agency, diplomatic sources said,
“The EU will adopt the legislative framework for lifting all nuclear-related economic and financial sanctions but this will of course only apply once the IAEA would have ticked all the boxes.”
Iran and the US are set to meet next week to over sea the next phase of the dis-armament agreement which was struck this summer.