(JTA) – Switzerland announced it will lift sanctions against Iran.

The sanctions will be lifted on Thursday, the Swiss government said in a statement issued Wednesday, to support show support for the reached July 14 between Iran and six major world powers, Reuters reported. The agreement provides sanctions relief for Iran in exchange for restrictions on its nuclear program.

The sanctions have been suspended since January 2014 as part of the Geneva interim agreement between Iran and the world powers that led to the current deal.

“The Federal Council wishes today’s steps to be seen as a sign of its support for the implementation of the nuclear agreement and its interest in deepening bilateral relations with Iran,” the statement said.