Nuclear talks between Iran, P5+1 extended till July 2015 (UPDATE)

Baku, Azerbaijan, Nov. 24

By Umid Niayesh - Trend:

The last round of nuclear talks between Iran and the P5+1 has ended on Nov. 24 in Austrian capital city of Vienna, Iran 's IRINN state TV reported.

Nov. 24 was settled as a deadline to reach a comprehensive nuclear agreement between Iran and the world six powers, however the two sides agreed to continue talking till July 1, 2015 after failing to meet the deadline to reach a deal on curbing the Iranian nuclear program in exchange for ending sanctions.

The sides will resume the talks after several weeks.

An additional $4.2 billion worth of Iranian frozen assets will be released during the next months, Iran 's Fars news agency reported.

The Geneva nuclear deal is extended till July 1, 2015, while the new deadline for a political framework agreement for Iran 's nuclear talks is set to March 1, 2015, western media outlets reported.

Last November, Iran and the P5+1 (the US, Russia , China , Britain and France plus Germany ) clinched an interim nuclear accord, which took effect on Jan. 20 and expired six months later. Under the deal dubbed the Geneva Joint Plan of Action, the six world powers undertook to provide Iran with some sanctions relief in exchange for Tehran agreeing to limit certain aspects of its nuclear activities.

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