Richard Mumford, Head of Aviation at Stevens & Bolton LLP, looks at the possibility of lifting sanctions on Iran and what this could mean for the commercial aviation sector.
After extensive negotiations and discussions between leaders of some of the most powerful countries, a deal was finally struck earlier this year that could signal the end of tough sanctions for Iran. Provided Iran complies with the peaceful terms of the nuclear agreement and satisfies the International Atomic Energy Agency of its future intentions to meet the terms of the deal, wide-ranging EU and US sanctions currently in place across various sectors could start to be lifted.
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