During the negotiations in Vienna, diplomats from Germany, France, Great Britain, Russia and China tried to persuade the United States and Iran to return to the 2015 nuclear deal. In the past two weeks, two working groups have addressed the lifting of US sanctions under the agreement and compliance with restrictions on Iran’s nuclear program. Next week, the Third Working Group is set to deal with concrete steps to implement possible agreements.
Iran and the United States recently spoke of progress without giving details. The compromise discussed was alleged to provide for the lifting of only part of the US sanctions. However, the nuclear law passed by the Iranian parliament last year explicitly calls for the lifting of all sanctions as a condition for Iran’s compliance with the terms of the deal.
The settlement on liberalizing Iranian oil exports as well as Iran’s access to oil revenues is supposed to be in the accounts of foreign banks. This would secure Iran’s main source of income and could overcome the two-year economic crisis. Foreign accounts will also be released to purchase much-needed Corona vaccines in Iran. In return, Iran should stop producing faster uranium centrifuges and reduce the level of uranium enrichment, which has been raised to 60 percent.
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