Monday, September 23, 2024
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Iran nuclear deal to take effect on January 20

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ANKARA/BRUSSELS: A deal between Iran and six major powers intended to pave the way to a solution to a long standoff over Tehran’s nuclear ambitions will come into force on January 20, the Iranian Foreign Ministry and the European Union said on Sunday.
Shortly after the interim accord takes effect, an Iranian official added, Tehran and world powers will start negotiating a final settlement of their differences about activity the West suspects is aimed at obtaining a nuclear weapons capability.
Iran says its atomic energy program is aimed purely at electricity generation and other civilian purposes, although past Iranian attempts to hide sensitive nuclear activity from U.N. non-proliferation inspectors raised concerns.
The November 24 agreement appeared to halt a slide towards another, wider Middle East war over Iran’s nuclear aspirations, but diplomats warn it will not be easy to carry out because of long-standing mutual mistrust.
The Iranian official, Deputy Foreign Minister Abbas Araqchi, said the deal would allow Iran to stop complying if it saw its partners not living up to their own commitments.
“We don’t trust them,” he told state television, reflecting ingrained suspicions between Iran and the West that underlie what have been protracted negotiations. In Washington, President Barack Obama said Sunday the United States and other nations would begin to give Iran “modest relief” on economic sanctions as long as the Islamic Republic lived up to its end of the agreement.
Obama said he would veto any new sanctions passed by the U.S. Congress during talks on a long-term deal with Iran, but added Washington would be prepared to increase its sanctions if Iran fails to abide by the agreement.
“The Geneva deal will be implemented from January 20,” Marzieh Afkham of the Iranian Foreign Ministry told reporters in Tehran, the semi-official Mehr news agency said.
European Union foreign policy chief Catherine Ashton also confirmed the date, and said the sides would now ask the U.N. nuclear watchdog to verify the deal’s implementation.
“We will ask the IAEA to undertake the necessary nuclear-related monitoring and verification activities,” she said in a statement, referring to the International Atomic Energy Agency.
Ashton represents the six powers – the United States, Russia, China, France, Britain and Germany – in contacts with Iran related to its contested nuclear program.
Senior U.S. officials offered details for the first time on how the estimated $7 billion in sanctions relief envisaged in the November 24 agreement will be distributed.
The officials, who spoke to reporters on condition that they not be identified, said some sanctions relief would start on the first day of the six-month agreement’s implementation – January 20 – and some will be withheld until its final day.
Among the total sanctions relief over the six months, $4.2 billion is in the form of access to currently blocked Iranian revenues held abroad.
One official said access to some of those funds depended on Iran keeping its commitment to dilute half of its 20 percent enriched uranium to no more than 5 percent enriched uranium.
Another official said the first $550 tranche would be paid on or about February 1, and the final payment, of the same amount, on or about July 20 A total of $900 million would depend on Iran diluting the enriched uranium, this official said. (Reuters)

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