Draft accords of sanctions relief at Iran nuke talks in hand

Image
AP Vienna
Last Updated : Jul 05 2015 | 1:42 AM IST
World powers and Iran have drawn up a draft document on the pace and timing of sanctions relief for the Islamic republic in exchange for curbs on Iran's nuclear program, advancing on one of the most contentious issues at their negotiations, diplomats said today.
Written by technical experts, the document still must be approved by senior officials of the seven nations at the table, including US Secretary of State John Kerry, Iranian Foreign Minister Mohammad Javad Zarif and the foreign ministers of the five other countries expected to join Kerry and Zarif in Vienna this weekend for a push to meet a July 7 deadline.
The development indicated the sides were moving closer to a comprehensive accord that would set a decade of restrictions on Tehran's nuclear program in exchange for tens of billions of dollars in economic benefits for the Iranians.
Officials had described sanctions relief as one of the thorniest disagreements between Iran and the United States, which has led the campaign of international pressure against Iran's economy.
The US and much of the world fears Iran's enrichment of uranium and other activity could be designed to make nuclear weapons; Iran says its program is meant only to generate power and for other peaceful purposes.
The diplomats, who spoke on condition of anonymity because they weren't authorised to speak publicly on this past week's confidential negotiations, said the sanctions annex was completed this week by experts from Iran and the six world powers in the negotiations: the United States, Britain, China, France, Germany and Russia. They did not provide details of the agreement.
A senior US official did not dispute the diplomats' account but said work remained to be done on "Annex II" before the issue could be described as finalised. And beyond a political agreement that was still in the draft stage, details also needed to be finalised on tough issues contained in four other appendices.
They include inspection guidelines, rules governing Iran's research and development of advanced nuclear technology and the nuts and bolts of reducing the size and output of Iran's uranium enrichment program.
As part of a deal, the Obama administration also wants Iran to fully cooperate with the UN's International Atomic Energy Agency's investigation of allegations that Tehran worked secretly on nuclear arms, something Iran vehemently denies. But chances of progress on that issue appear to be dimming.
IAEA chief Yukiya Amano told reporters today that "more work will be needed" to advance the probe, in a statement similar to previous ones from his agency, which has struggled for nearly a decade to resolve its concerns.
While saying he could wrap up his investigation by the end of the year, Amano said he needs Tehran's cooperation to do so. Iranian President Hassan Rouhani said after Thursday's meeting in Tehran with Amano that the agency now understands that the "pointless allegations" are "baseless.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 05 2015 | 1:42 AM IST

Next Story