Iran, U.S. diplomats hold mutual talks on JCPOA

March. 16 2018

The Office of Foreign Assets Control (OFAC) certificates in aviation field were discussed in the JCPOA joint commission held in Vienna, Managing Director of Iran Air (Homa) Farzaneh Sharafbafi said.

Iranian delegation mentioned issues related to removing sanction in aviation sector and negotiations are underway as regards lifting sanctions, Sharafbafi told reporters on Friday.

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on the US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under the US jurisdiction. Many of the sanctions are based on the United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.

After the implementation of the Joint Comprehensive Plan of Action (JCPOA), OFAC lifted some nuclear sanctions imposed on Iran namely in banking, oil and purchasing planes fields. 

The Joint Commission on the Joint Comprehensive Plan of Action (JCPOA) started in Vienna on Friday.

"The Joint Commission is being chaired on behalf of the EU High Representative Federica Mogherini by the EEAS Secretary General Helga Maria Schmid and is attended by the E3+3 (China, France, Germany, Russia, United Kingdom, United States) and Iran,” The European Union External Action (EEAS) earlier said.

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