Iran still abiding by nuclear deal terms: IAEA Iran still abiding by nuclear deal terms: IAEA

Image
AFP Vienna
Last Updated : Aug 30 2018 | 7:45 PM IST

Iran is sticking to the terms of its nuclear deal with world powers, a UN atomic watchdog report showed Thursday, despite ongoing uncertainty over its future.

The report from the International Atomic Energy Agency showed that Iran was still complying with the key parameters of the 2015 Joint Comprehensive Plan of Action (JCPOA).

It comes despite the future of the deal being thrown into doubt after US President Donald Trump withdrew from the pact in May and re-imposed US sanctions.

The latest report says the IAEA had had access "to all the sites and locations in Iran which it needed to visit".

However, the agency repeats language in its previous report emphasising the importance of "timely and proactive cooperation in providing such access" on Iran's part.

The report said Iran's stockpiles of low-enriched uranium and heavy water had both slightly increased since the last report in May, but were still under the limits agreed in the deal.

Iran's economy has been battered by the return of US sanctions following Trump's decision, undermining support for the deal within Iran.

On Wednesday Iran's supreme leader Ayatollah Ali Khamenei said Tehran should be ready to "set aside" the JCPOA if it is no longer in the country's national interests.

However Khamenei said talks should continue with European states, who have been trying to find a way to salvage the agreement.

Last week, the EU agreed an 18 million euro package of assistance to Iran "for projects in support of sustainable economic and social development" in the Islamic Republic, the first tranche of a wider package worth 50 million euros.

Most foreign firms have abandoned investment projects in Iran, and the next phase of renewed US sanctions in November will hit the crucial oil sector.

In June, in a bid to mount pressure on the Europeans, Iran announced a plan to increase its uranium enrichment capacity with new centrifuges in the event that the agreement collapses, while still denying any desire to build a nuclear weapon.

Under the 2015 agreement, Iran can only enrich uranium to 3.67 percent -- far below the roughly 90-percent level needed for nuclear weapons.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Aug 30 2018 | 7:45 PM IST

Next Story