Iran to have access to over $100bn when deal implemented

2015-07-14 13:18


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Vienna - Iran would get access to more than $100bn in frozen assets when the Iran nuclear agreement is implemented, which depends on when Tehran has curbed its nuclear programme and the UN nuclear watchdog has certified this, US officials said on Tuesday.

The officials, who spoke on condition of anonymity ahead of the formal announcement of the deal, said that UN Security Council sanctions could be reimposed on Iran within 65 days in the event of Iranian noncompliance with the deal.

The accord includes a provision under which Iran can be required to provide the International Atomic Energy Agency (IAEA) with access to suspected nuclear sites, including military sites, or with other means to address their concerns, within 24 days if a majority of a panel overseeing the deal insists.

The eight-member commission includes Britain, China, France, Germany, Russia, the United States, Iran and the European Union, the officials said. As a result the United States, the three European nations and the EU can oblige Iran to provide such access and Tehran, Beijing and Moscow could not veto this.

If Iran refused to comply, one US official said that the major powers could then move to "snapback" or reinstate UN Security Council sanctions against Iran, a process that itself can take place within 65 days.


Russia's President Vladimir Putin said that the six powers that reached the Iranian nuclear deal made a firm choice in favour of stability and cooperation.

"The world can now breathe a sigh of relief," Putin said in a statement on the Kremlin website.

"Despite attempts to justify scenarios based on force, the negotiators have made a firm choice in favour of stability and cooperation."

Putin added that the deal will help Russian-Iranian civilian nuclear cooperation and will contribute to combating terrorism in the Middle East.


Iran will slash by around two-thirds the number of centrifuges from around 19 000 to 6 104 under the deal with major powers announced on Tuesday, an Iranian "fact sheet" confirmed.

This and other cuts to Iran's nuclear programme are in line with a framework accord agreed in April. Iran will stick at this number of centrifuges, which can process uranium to make nuclear fuel but also for the core of a nuclear bomb, for 10 years.

A total of 1 044 of these centrifuges will be used for other purposes than uranium enrichment.

-AFP, Reuters

Read more on:    us  |  russia  |  iran  |  iran nuclear programme

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