Iran strikes a new deal to freeze nuclear programme
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2014-04-03
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Originally published on January 13, 2014
Iran reached a deal with six world powers to halt its nuclear programme in exchange for the conditional lifting of some economic sanctions on Sunday, which will take effect on January 20.
Under the agreement, Iran is obliged to stop enrichment of uranium above five percent purity and neutralise its stockpile of 20 percent-enriched uranium, which can be used to produce weapons grade nuclear material. According to Business Insider, half of the stockpile will be diluted to five percent or under; the rest will be oxidised so it can fuel a Tehran reactor that produces medical isotopes.
The deal also means Iran will not be allowed to build new enrichment facilities such as centrifuges, or restart the operation of currently unused installations.
Experts from the International Atomic Energy Agency (IAEA) will be granted daily access to two enrichment plants at Fordo and Natanz, and the Arak heavy water reactor will be subject to monthly inspections.
In return, Iran will be given sanctions relief totalling $7 billion, and according to the Wall Street Journal, $4.2 billion of it is comprised of oil revenues frozen in offshore accounts.
"Iran will for the first time start eliminating its stockpile of higher levels of enriched uranium and dismantling some of the infrastructure that makes such enrichment possible," U.S. President Barack Obama said in a statement.
While the U.S. government said the agreement is a groundbreaking milestone, some have criticized it as too lenient, as Iran is not required to dismantle existing centrifuges, and it can also continue its nuclear research and development. It has also refused to open up its military sites to the IAEA for inspections.
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Iran reached a deal with six world powers to halt its nuclear programme in exchange for the conditional lifting of some economic sanctions on Sunday, which will take effect on January 20.
Under the agreement, Iran is obliged to stop enrichment of uranium above five percent purity and neutralise its stockpile of 20 percent-enriched uranium, which can be used to produce weapons grade nuclear material. According to Business Insider, half of the stockpile will be diluted to five percent or under; the rest will be oxidised so it can fuel a Tehran reactor that produces medical isotopes.
The deal also means Iran will not be allowed to build new enrichment facilities such as centrifuges, or restart the operation of currently unused installations.
Experts from the International Atomic Energy Agency (IAEA) will be granted daily access to two enrichment plants at Fordo and Natanz, and the Arak heavy water reactor will be subject to monthly inspections.
In return, Iran will be given sanctions relief totalling $7 billion, and according to the Wall Street Journal, $4.2 billion of it is comprised of oil revenues frozen in offshore accounts.
"Iran will for the first time start eliminating its stockpile of higher levels of enriched uranium and dismantling some of the infrastructure that makes such enrichment possible," U.S. President Barack Obama said in a statement.
While the U.S. government said the agreement is a groundbreaking milestone, some have criticized it as too lenient, as Iran is not required to dismantle existing centrifuges, and it can also continue its nuclear research and development. It has also refused to open up its military sites to the IAEA for inspections.
--------------------------------------------------------
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For news that's fun and never boring, visit our channel:
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Subscribe to stay updated on all the top stories:
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