Envoy: Iran to receive last installment of frozen assets after IAEA report

TEHRAN (FNA)- Iranian Envoy to the International Atomic Energy Agency Reza Najafi announced on Sunday that Iran will receive the last installment of its $4.2bln-frozen assets – which were released under the Geneva interim deal – once the IAEA confirms Tehran’s compliance with the terms of the deal in its report which will be released later today.

“The IAEA report will be released at 16:00 Vienna time,” Najafi told FNA on Sunday.

“Once the report is released, the last of the eight installments which were due to be released to Iran in the first six months after the Geneva agreement will be paid,” he added.

Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany) clinched a long-sought deal in November in the Swiss city of Geneva. The two sides agreed to the stage-by-stage implementation of the interim agreement reciprocating one another since January 20.

The accord required the West to ease some of the existing sanctions in exchange for Tehran’s confidence-building measure not to develop the national nuclear program for a six-month period.

The frozen Iranian assets were released in eight installments, as agreed, and Tehran diluted its 20% enriched uranium within 12 months.

Iran and the G5+1 ended over two weeks of negotiations in Vienna on Friday with no final agreement between the two sides which was due to be reached before the July 20 deadline.

The two sides agreed to extend the talks till November 24 for brokering a final deal.

Iranian Foreign Minister Mohammad Javad Zarif and EU Foreign Policy Chief Catherine Ashton in a joint statement after over two weeks of talks stressed the need for more efforts and time to reach an agreement with the world powers over Tehran’s nuclear program.

Zarif and Ashton who presided the negotiating sides, emphasized at the end of Iran-G5+1 negotiations that they have held different sessions in different forms and in a constructive atmosphere to reach a final comprehensive agreement.

Due to certain differences over some fundamental issues the two sides agreed to extend the Joint Plan of Action by November 24, they added.

By Fars News Agency

 

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