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Iran announces volume of enriched uranium

Nuclear Program Materials 5 January 2021 16:26 (UTC +04:00)
Iran announces volume of enriched uranium

BAKU, Azerbaijan, Jan. 5

By Elnur Baghishov – Trend:

Iran's Fordo nuclear facility currently produces 17-20 grams of 20-percent uranium per hour, Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi told journalists, Trend reports citing IRINN.

Salehi noted that so, Iran will produce 8-9 kilograms of 20-percent uranium per month.

The official added that according to the decision of the Iranian parliament, enrichment of uranium should increase to 120 kilograms per month, and work is being done in this direction.

According to him, Iran has launched the process of enriching 20-percent uranium in one day.

“There was no need for Iran to enrich 20-percent of uranium in previous years. Because, there is fuel for the Tehran Nuclear Reactor for 5 years,” he said.

Salehi emphasized that the enriched uranium will be stored as fuel for the Tehran Nuclear Reactor.

The official also said that according to the decision of the Iranian parliament, 1,000 units of IR2M centrifuges must be installed. The operations have been begun in this regard, and more than 320 units of IR2M centrifuges have been installed.

As reported, the Iranian parliament has recently decided to implement a strategic plan in nuclear area to lift sanctions, citing the imposition of sanctions on Iran.

The objectives of FATF are to set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.

During the recent FATF meeting, Iran has been warned that it may be added to the list of non-cooperative countries within three months if it does not completely fulfill the FATF requirements. Iran fulfilled 37 of 41 FATF requirements. The remaining four requirements refer to the legislative field.

The amendments to the Counter-Terrorist Financing Act, Anti-Money Laundering Act, Convention against Transnational Organized Crime (Palermo), and International Convention for the Suppression of the Financing of Terrorism (CFT) were prepared by the Iranian government and sent to the parliament.

Although the four conventions have been approved and sent to the Expediency Council of Iran, the CFT and Palermo conventions have not yet been ratified by the Council.

FATF was established in 1989 on the initiative of the G7 Group to combat money laundering. FATF has 37 members and its secretariat is in Paris.

Iran was included in the FATF blacklist in 2007. The anti-Tehran steps have been taken since 2009. Thus, the countries were cautious in their financial and banking transactions with Iran.

Taking of reciprocal steps against Iran through diplomatic steps has been postponed since 2016. FATF included Iran into the blacklist again on Feb. 21, 2020.

In January 2016, JCPOA was launched between Iran and the P5+1 group (US, Russia, China, UK, France, and Germany) in connection with Iran's nuclear program. In May 2018, the US announced its withdrawal from the deal and imposed sanctions on Iran in November of the same year.

To preserve the agreements reached as part of the JCPOA, the European signatories of the deal started in January 2019 that a financial mechanism for maintaining trade with Iran called INSTEX was formed.

On May 8, 2019, Iran announced that it had ceased fulfilling its commitments regarding the sale of over 300 kilograms of uranium, as stated in the deal, basing its decision on the other signatories that have not fulfilled their obligations. On July 7, Iran announced that it will not be fulfilling its commitments regarding the enrichment of uranium at 3.67 percent and the reconstruction of the Arak Heavy Water Reactor Facility as stated in the deal.

Iran announced that it will enrich uranium using next-generation centrifuges and will not mix it with the enriched uranium residues as part of the third step of reducing commitments in JCPOA on Sept.5.

On Nov. 5, 2019, Iran announced that it took the fourth step in connection with reducing its commitments to the nuclear agreement. So, uranium gas is being pumped to the centrifuges at the Fordow Fuel Enrichment Plant.

On Jan.2020, Iran took the last fifth step in reducing the number of its commitments within JCPOA.

The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies, and individuals.

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