Iran and World Powers Clinch Historic Nuclear Deal

Tehran agrees to curb its nuclear programme in exchange for sanctions relief

Nuke talks

World powers and Iran have reached a landmark deal to curb the Islamic Republic’s nuclear programme in exchange for sanctions relief after an 18-day marathon negotiations in Vienna.

The accord was announced on Tuesday by Iranian Foreign Minister Mohammad Javad Zarif and the European Union’s policy chief Federica Mogherini in a joint statement in the Austrian capital.

Iran’s state news agency IRNA says

  • Ban on Iran to buy certain dual-use machinery and technology will end
  • EU and US economic and financial sanctions on Iran will be lifted
  • Billions of US dollars of Iran’s frozen assets will be released
  • Sanctions on Iran’s central bank, national Iranian oil company, shipping lines, Iran air, many other institutions and people will be lifted

Iranian Foreign Minister Mohammad Javad Zarif called the deal a “win-win” solution to end “an unnecessary crisis and open new horizons for dealing with serious problems that affect our international community.”

“I believe this is a historic moment. We are reaching an agreement that is not perfect for everybody, but it is what we could accomplish and it is an important achievement for all of us,” said Zarif.

“Today could have been the end of hope on this issue, but now we are starting a new chapter of hope.”

EU’s policy chief Federica Mogherini said the decision demonstrated that “diplomacy, coordination, cooperation can overcome decades of tensions and confrontations”.

“It is a decision that openned a way to a new chapter in international relations,” she said.

The accord seeks to end nearly 12 years of nuclear stand off between Iran and the so-called P+5 nations – the US, Britain, China, France, Germany and Russia.

The accord will keep Iran from producing enough material for a nuclear weapon for at least 10 years and impose new provisions for inspections of Iranian facilities, including military sites.

Iran was resisting the probe in the country’s alleged work on nuclear weapons and demanding that a United Nations arms embargo to be lifted.

It also demanded that any UN Security Council resolution approving the broader deal no longer describe Iran’s nuclear activities as illegal.

Major powers accused Islamic Republic of seeking to build nuclear weapons, an aim it denied, under the guise of a civilian programme.

Source: Al Jazeera

Reprinted with permission.


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Posted By: Nick Vanocur

A talented nut in search of a publisher. Author of 'From the Desk of Nickileaks', @

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