The interim deal, or the Joint Plan of Action (JPA), took effect on January 20, 2014. It was renewed on July 20, 2014 for another four months ending on November 24, 2014. It was renewed again until June 2015.
Sanction relief is estimated to be worth $11 billion over the sixth month period for the Iranians, and eventually, it will be more than $20 billion. The Daily Beast assessed that the easing of sanctions on Tehran, as reported in a study, allowed the Iranian economy to begin to recover, “undercutting Western leverage”.
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