The six world powers negotiating with Iran would consider offering limited sanction relief if Iran takes concrete steps to halt its nuclear activities, the White House said Thursday.
The six countries, namely the US, Russia, China, Britain, France and Germany, would consider "limited, targetted and reversible relief" that does not affect their core sanctions architecture in exchange for concrete, verifiable measures to address their concerns about Iran's nuclear project, reported Xinhua citing White House spokesperson Jay Carney at a daily briefing.
"That core sanctions architecture would be maintained until there is a final, comprehensive, verifiable agreement that resolves the international community's concerns," said Carney.
The official also warned that if Iran does not live up to its commitments, relief would be terminated, and the world powers would ratchet up the pressure even further by adding new sanctions.
Delegates of the six world powers, known as the P5+1 group, started another round of nuclear talks with Iran in Geneva, Switzerland, Thursday.
In the two-day talks, the world powers are expected to seek a " first step" deal with Iran on solving the nuclear problem, though both sides say an agreement is far from certain.
In the previous round of talks, held Oct 15-16, Iran proposed a plan as a basis for negotiation but details of the proposal were not disclosed.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
