World Powers reach historic deal with Iran on nuclear enrichment
Isreal calls deal ‘historic mistake’.
In what has been described as a landmark agreement, Iran has agreed to suspend certain aspect of its nuclear enrichment activities after an intense negotiation on Sunday with global powers in Geneva, Switzerland.
The agreement reached with the P5 + 1 group (United States, China, Germany, United Kingdom, France and Russia) would see Iran allowing inspectors greater access to its nuclear programme and halting some aspect of its nuclear enrichment process in exchange for the lifting of sanctions valued at almost $7 billion (N1.11 trillion).
The details of the deal included the following:
1. Iran voluntarily undertakes to reduce its uranium enrichment process from the current 20 per cent to 5 per cent.
2. Iran will not enrich uranium over 5 per cent for a period of six months.
3. Iran should not establish new location for uranium enrichment purpose.
4. Iran will allow enhanced monitoring and allow International Atomic Energy Agency (IAEA) inspectors greater access to its nuclear programme.
5. The suspension of EU and US sanctions on Iranian auto industry and associated services, Gold and precious metal, sale of petrochemical products as well as the repatriation of an agreed revenue held abroad amongst others sanctions.
The value of the sanctions to be lifted is put at $7 billion.
Iran’s President, Hassan Rouhan, said the deal was recognition of Iran’s nuclear right.
Iran maintained its insistence that it was enriching uranium for peaceful purposes and not to build a nuclear arsenal.
Iran’s Foreign Minister, Mohammad Zarif, said the agreement was a removal of any doubts about the exclusively peaceful nature of Iran’s nuclear programme.
Notable world leaders have welcomed the deal.
The United States President, Barack Obama, said the deal contained substantial limitations which would help prevent Iran from building a nuclear weapon.
He however warned that the U.S. would turn off the relief and ratchet up the pressure if Iran failed to keep to its commitments.
The U.K. Foreign Secretary, William Hague, said the agreement was good news for the whole world.
However, the Israeli government has expressed regret at the deal with Prime Minister Benjamin Netanyahu describing it as a historic mistake.
“Today the world became a much more dangerous place because the most dangerous regime in the world made a significant step in obtaining the most dangerous weapons in the world,” he said.
In what has been described as a landmark agreement, Iran has agreed to suspend certain aspect of its nuclear enrichment activities after an intense negotiation on Sunday with global powers in Geneva, Switzerland.
The agreement reached with the P5 + 1 group (United States, China, Germany, United Kingdom, France and Russia) would see Iran allowing inspectors greater access to its nuclear programme and halting some aspect of its nuclear enrichment process in exchange for the lifting of sanctions valued at almost $7 billion (N1.11 trillion).
The details of the deal included the following:
1. Iran voluntarily undertakes to reduce its uranium enrichment process from the current 20 per cent to 5 per cent.
2. Iran will not enrich uranium over 5 per cent for a period of six months.
3. Iran should not establish new location for uranium enrichment purpose.
4. Iran will allow enhanced monitoring and allow International Atomic Energy Agency (IAEA) inspectors greater access to its nuclear programme.
5. The suspension of EU and US sanctions on Iranian auto industry and associated services, Gold and precious metal, sale of petrochemical products as well as the repatriation of an agreed revenue held abroad amongst others sanctions.
The value of the sanctions to be lifted is put at $7 billion.
Iran’s President, Hassan Rouhan, said the deal was recognition of Iran’s nuclear right.
Iran maintained its insistence that it was enriching uranium for peaceful purposes and not to build a nuclear arsenal.
Iran’s Foreign Minister, Mohammad Zarif, said the agreement was a removal of any doubts about the exclusively peaceful nature of Iran’s nuclear programme.
Notable world leaders have welcomed the deal.
The United States President, Barack Obama, said the deal contained substantial limitations which would help prevent Iran from building a nuclear weapon.
He however warned that the U.S. would turn off the relief and ratchet up the pressure if Iran failed to keep to its commitments.
The U.K. Foreign Secretary, William Hague, said the agreement was good news for the whole world.
However, the Israeli government has expressed regret at the deal with Prime Minister Benjamin Netanyahu describing it as a historic mistake.
“Today the world became a much more dangerous place because the most dangerous regime in the world made a significant step in obtaining the most dangerous weapons in the world,” he said.
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