Monday, 25 November 2013

Iran And P5+1 Group of Nations Clinched Nuclear Deal

Iran and P5+1 group of Nations reached a breakthrough deal on 24 November 2013 to curb Iran's nuclear programme in exchange for limited sanctions relief.
An agreement to this effect was signed at UN Headquarters in Geneva on 24 November 2013 between the Chief negotiator for the six nations, Catherine Marie Ashton and Iranian Foreign Minister Mohammad Jawad Zarief.                                              

The interim deal for six months is intended to give time and space to the international community to work towards a comprehensive agreement. After four days of negotiations, representatives of P5+1 group of nations - the US, the UK, Russia, China, France and Germany - reached an agreement with Iran.

Salient feature of the Deal

• Iran will stop enriching uranium beyond 5 percent, the level at which it can be used for weapons research, and reduce its stockpile of uranium enriched beyond this point.

• Iran will give greater access to inspectors including daily access at Natanz and Fordo nuclear sites.

• In return, there will be no new nuclear-related sanctions for six months.

• Iran will also receive sanctions relief worth about 7bn Dollars (£4.3bn) on sectors including precious metals.

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