Baku, Azerbaijan, Nov. 24
By Rahim Zamanov - Trend:
Iran's Foreign Minister Mohammad Javad Zarif said that based on the deal deals in Geneva, the P5+1 has pledged to not impose additional sanctions against Iran during the next six months and would suspend some existing sanctions.
"Measures to be suspended include parts of the oil embargo, as well as sanctions against Iran's petrochemical industry, car production, insurances and trade with precious metals," he said.
The AFP quoted White House as saying that, "In total, the approximately $7 billion in relief is a fraction of the costs that Iran will continue to incur during this first phase under the sanctions that will remain in place."
Iran's foreign minister also explained that based on the deal, the number of centrifuges in Natanz and Frodo sites would not change.
According to a fact sheet provided by the White House, Iran will stop enriching uranium above the 5 per cent threshold needed for nuclear power stations.
In this regards, Zarif said that Iran will not transfer the 20-percent enriched uranium to abroad, adding that the country will convert them into reactor-ready fuel.
He went on to note that Iran and the P5+1 will hold another meeting in two weeks to decide about the date the document come into effect.
Zarif called the deal with the P5+1 a major success and added that Iran will continue negotiations in order to remove all the sanctions.
"In the final step enrichment process will be accepted and all the sanctions will be lifted at same time," Zarif said.
"The two sides reached the deal based on mutual respect," Zarif told the reporters at a press conference.
Zarif went on to note that based on the deal, Tehran's enrichment has been recognized. He said the accord had a clear reference that enrichment will continue.
He further described Iran's enrichment program as an alienable right.
According to Zarif, Tehran will expand cooperation with IAEA to address some concerns.
The official also added that he hopes the two sides can move forward in order to establish more confidence.
"It's time for west to restore trust of Iranian nation," he added.
However, the Iranian foreign minister added that the agreement is reversible in case of violation of promises by other party.
Iran and the P5+1 reached a deal on the country's nuclear energy program after four days of intense talks.
The parties to negotiations held a signing ceremony at the UN office in Geneva.
The new agreement is considered a bid to narrow the gaps and finalize a nuclear deal with Iran.
The initial agreement puts an end to the decade-long standoff over Iran's nuclear energy program.