zarif in vienna

Iran, P5+1 make diplomatic breakthrough in nuclear talks

Well over a decade of negotiations on Iran’s civilian nuclear program have finally reached a conclusion, with the Islamic Republic and its latest interlocutors, the P5+1, sealing an agreement.

The hitherto elusive agreement was finally nailed down on Tuesday in the ritzy Palais Coburg Hotel in the Austrian capital of Vienna, where negotiators from Iran and the six other countries had recently been spending over two weeks to work out the remaining technical and political issues.

The terms of the agreement

Based on the agreement, world powers recognize Iran’s civilian nuclear program, including the country’s right to the entire nuclear cycle.

The United Nations Security Council sanctions against the Islamic Republic, including all economic and financial bans, will be lifted at once under a mutually agreed framework and through a new UN resolution.

None of the Iranian nuclear facilities will be dismantled or decomissioned.

Furthermore, nuclear research and development activities on all types of centrifuges, including advanced IR-6 and IR-8 machines, will continue.

The nuclear-related economic and financial restrictions imposed by the United States and the European Union (EU) targeting the Iranian banking, financial, oil, gas, petrochemical, trade, insurance and transport sectors will at once be annulled with the beginning of the implementation of the agreement.

The arms embargo imposed against the Islamic Republic will be annulled and replaced with certain restrictions.

Journalists covering the talks have been transported to the United Nations (UN) headquarters in Vienna for a photo opportunity with ministers at the talks.

Diplomats from Iran, the EU and the US during nuclear talks in Vienna, Austria, July 1, 2015

Director General of the International Atomic Energy Agency Yukiya Amano just made an announcement to the media outside Palais Coburg, the venue of the latest talks between Iran and the P5+1.

By Press TV