Iran nuclear deal ‘imminent’ with crippling sanctions removed

by | Aug 19, 2022 | World

Sources tell Al Jazeera Arabic an agreement to revive the landmark accord abandoned by the US is soon to be announced.A European proposal to revive the nuclear agreement between Western countries and Iran is imminent and includes the release of billions of dollars in frozen Iranian funds and oil exports in return for the scaling back of its nuclear programme.
The new deal will be carried out in four phases over two 60-day time periods, sources with knowledge of the proposed agreement told Al Jazeera Arabic.
Iran has recently voiced optimism about an agreement on a renewed version of the 2015 nuclear deal with the United States and other foreign powers, formally called the Joint Comprehensive Plan of Action (JCPOA).
Iran’s negotiating team adviser Mohammad Marandi said earlier this week “we’re closer than we’ve been before” to securing a deal and the “remaining issues are not very difficult to resolve”.
The European Union’s “final text” proposal for the accord, submitted last week, was approved by the United States, which says it is ready to quickly seal the agreement if Iran accepts it.
According to sources with knowledge of the matter, the proposal stipulates on the day after the agreement is signed, sanctions on 17 Iranian banks as well as 150 economic institutions will be lifted.
It also says Tehran will immediately begin to reverse steps it took to advance its nuclear technology, which is now beyond the scope of what the UN’s nuclear watchdog, the International Atomic Energy Ag …

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