EU to revise anti-Iran sanctions on Jan. 20: Araqchi

An Iranian diplomat says the European Union is poised to “revise” the anti-Iran sanctions on January 20 in compliance with the recent nuclear deal inked between Tehran and six world powers.

“In its foreign ministerial meeting tomorrow (January 20), the European Union will revise the sanctions regime against Iran based on the Geneva [nuclear] agreement,” said Iranian Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi on Sunday.

Iran and the six major world powers – Russia, China, the US, France, Britain and Germany — inked a nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides have agreed to start implementing the agreement from January 20.

Under the Geneva accord, the six countries agreed to lift some of the existing sanctions against Iran in exchange for Tehran’s confidence-building measure to limit certain aspects of its nuclear activities for a six-month period.

Araqchi went on to say that starting on Monday, the US administration will also promulgate necessary instructions for banks, companies and economic institutions in order to relax anti-Iran bans as agreed in Geneva.

“The Islamic Republic of Iran will also start fulfilling its commitments under the Geneva deal, including the suspension of 20-percent [uranium] enrichment,” added the Iranian diplomat.

On January 12, Araqchi said Iran’s negotiating side will release USD 4.2 billion in Iranian frozen assets in eight stages and Tehran, in return, will oxidize its 20-percent-enriched uranium within a year.

He has also said that both Tehran and the six powers will proceed to implement the Geneva deal in a balanced way.

By Press TV

 

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