European Union High Representative Federica Mogherini and Iranian Foreign Minister Mohammad Javad Zarif, right, addresses the media at the International Atomic Energy Agency, IAEA, in Vienna, Austria, Saturday, Jan. 16, 2016. (AP Photo/Ronald Zak)
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The European Union on Saturday began the process of lifting economic and financial sanctions on Iran, implementing a landmark 2015 deal between world powers and Tehran, and paving the way for EU business to return to the country of 80 million.The EU introduced the sanctions on Iran in 2012, accusing the Islamic republic of seeking to develop a nuclear bomb.The EU will remove some 300 entries from its Iranian blacklist, or about two-thirds of the list compiled over Tehran's nuclear program, a Western official said.The reopening of the Iranian market, with some 80 million people, could provide major, if not risk-free business opportunities.
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