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Sanctions Relief Imminent

Sanctions Relief ImminentSanctions Relief Imminent

Parliamentary officials declared on Wednesday that sanctions against Iran will be removed in a couple of days as agreed with major powers under last year's nuclear deal.

Iran is entitled to sanctions relief in return for temporary curbs on its nuclear work under the deal clinched with P5+1 (the five permanent members of the United Nations Security Council plus Germany).

The curbs include cutting the enriched uranium stockpile to below 300 kg with a fissile purity of up to 3.67%, uninstalling two-thirds of nearly 19,000 centrifuges at Fordo and Natanz facilities, and removing the core of the Arak nuclear reactor and filling it with cement.

The accord, formally called the Joint Comprehensive Plan of Action, is to take full effect once the International Atomic Energy Agency verifies all the constraints are in place, paving the way for an influx of foreign investment and a rapid increase in crude oil exports.

Deputy Chairman of Majlis National Security and Foreign Policy Commission Mansour Haqiqatpour told ICANA that "an order will be issued [by international authorities] on Friday for the removal of sanctions."

Another member of the commission predicted in an interview with ISNA that Saturday would be the day when sanctions are officially lifted.

Hossein Naqavi Hosseini said IAEA's verification report will be submitted to the agency's board of governors as well as the UN Security Council and the council will draw on the report to release a statement announcing an end to the sanctions.

As the JCPOA stipulates, UN and EU will terminate and the United States will cease the application of sanctions.

Haqiqatpour said Tehran has completed its commitments and IAEA experts have arrived to confirm it.

"The agency's inspectors are currently visiting nuclear sites to examine Iran's compliance with the three commitments under the JCPOA. Iran has carried out the agreed measures," he said.

According to Behrouz Kamalvandi, spokesperson for the Atomic Energy Organization of Iran, commitments regarding the Arak reactor have been completed.

  Visit to Fordo

Members of the commission paid a visit to the Fordo enrichment center.

After the visit, the commission's chairman, Alaeddin Boroujerdi, said, "As agreed under the JCPOA, the number of centrifuges has been reduced to 1,044 machines."

Iran has already disposed of excess supplies of refined uranium by shipping them out to Russia under a swap deal for raw uranium, known as yellowcake.

Some 9 tons of low enriched uranium were traded for about 200 tons of yellowcake.

Financialtribune.com