Iran interim nuclear deal to come into effect on 20 January

Jan 2, 2014 17:17 IST

Iran has said that the interim nuclear deal agreed upon with the six major world powers. The agreement will come into effect from 20 January 2014. After the successful mediation, Geneva discussion forms consensus upon the Iran to deploy its Nuclear Programme.

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Iran’s official news agency, IRNA said that the Iran and USA have agreed to implement the deal. Under the deal, Iran will scale down parts of its programme in exchange for a limited relief in sanctions over a six month period.

USA will provide limited easing of sanctions that are damaging Iran’s oil-dependent economy.

The P5+1 i.e. the US, Britain, France, Russia and China plus Germany -- and Iran had technical talks on implementation of a breakthrough agreement reached on 24 November 2013 in Geneva on Iran's nuclear program.

According to the interim agreement, Iran requires to curb its nuclear activities to five percent uranium enrichment for six months in exchange for sanctions relief. Tehran also agreed to reduce it by half of its existing stockpiles of uranium and convert the rest to fuel use.

Deal is to boost global security

A successful deal to curb Iran's nuclear programme would remove the need for the United States to build an anti-missile shield in Europe. The missile shield, which is due to be completed after 2020, posed a serious threat to global stability.

Russia strongly opposes the missile defence system, as it will upset the post-Cold War strategic balance and undermine its security.

 


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Read more Current Affairs on: Iran , world powers , Geneva discussion , Nuclear Programme , P5+1

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