Iran to have access to over $100 billion when deal implemented : U.S. officials

VIENNA : Iran would get access to more than $100 billion in frozen assets when the Iran nuclear agreement is implemented, which depends on when Tehran has curbed its nuclear program and the U.N. nuclear watchdog has certified this, U.S. officials said on Tuesday.

The officials, who spoke on condition of anonymity ahead of the formal announcement of the deal, said that U.N.Security Council Sanctions could be reimposed on Iran within 65 days in the event of Iranian non-compliance with the deal.

The accord includes a provision under which Iran can be required to provide the International Atomic Energy Agency (IAEA) with access to suspected nuclear sites, including military sites, or with other means to address their concerns, within 24 days if a majority of a panel overseeing the deal insists.

The eight member commission includes China, Britain, France, Germany, Russia, the United States, Iran and the European Union, the officials said. As a result the United States, the three European nations and the EU can oblige Iran to Provide such access and the Tehran, Beijing and Moscow could not veto this.

If Iran refused to comply, one U.S. official said that the major powers could then move to “snapback” or reinstate U.N. Security Council sanctions against Iran, a process that itself can take place within 65 days.

Reply

XML Sitemap

Dividend tax only on dividend income above Rs 10 lakh
Snapdeal’s Kunal Bahl describes what it takes to get into the haloed club
Time to Surf the ECB’s Market Wave
How to get loan you against PPF – A discussion
Alibaba vs Tencent: Who will come out on top in the Indian startup race?
Axis Bank limits support for snapdeal’s seller financing programme.
Mukesh Ambani led Reliance Jio accuses Bharti Airtel, Vodafone, Idea of preventing launch
Mahindra looks north after UK electric car launch
No Preview
Snapchat raised $1.8B in a Series F round; leaked deck reveals revenues
How to Find an Angel Investor
Companies boost green bond offerings on government’s clean-energy push
Alibaba, Ant Financial inject fresh cash into India’s Paytm
BRICS Bank to fund inclusive needs of emerging nations: PM Narendra Modi
How to make money in Real Estate
How to become a Best Real Estate Agent
What Kind Education Do You Need To Become A Billionaire?
Microsoft will stop updating anything older than Internet Explorer 11. But millions are still using the old browsers.
How to get loan you against PPF – A discussion
Google’s Nexus Lineup Offers Better Security Among Android Phones: Cambridge Report
Reliance Jio spending Rs. 1lakh crore on 4G rollout