Iran has committed to halting certain levels of enrichment, and neutralizing part of its stockpile. Iran cannot use its next-generation centrifuges—which are used for enriching uranium." Mr. Obama said the U.S. and its partners will not proceed with new sanctions that would scuttle the deal. (Source e.g. The Washington Times ) In return for Iran agreeing to increased international inspections of its facilities, the U.S. and its partners will suspend sanctions on gold and precious metals, Iran’s auto sector, and Iran’s petrochemical exports, potentially providing Iran about $1.5 billion in revenue.
- Halt all enrichment above 5% and dismantle the technical connections required to enrich above 5%.
- Dilute below 5% or convert to a form not suitable for further enrichment its entire stockpile of near-20% enriched uranium before the end of the initial phase.
- Not install additional centrifuges of any type.
- Not install or use any next-generation centrifuges to enrich uranium.
- Leave inoperable roughly half of installed centrifuges at Natanz and three-quarters of installed centrifuges at Fordow, so they cannot be used to enrich uranium.
- Limit its centrifuge production to those needed to replace damaged machines, so Iran cannot use the six months to stockpile centrifuges.
- Not construct additional enrichment facilities.
- Not increase its stockpile of 3.5% low enriched uranium, so that the amount is not greater at the end of the six months than it is at the beginning, and any newly enriched 3.5% enriched uranium is converted into oxide.
- Not commission the Arak reactor.
- Not fuel the Arak reactor.
- Halt the production of fuel for the Arak reactor.
- No additional testing of fuel for the Arak reactor.
- Not install any additional reactor components at Arak.
- Not transfer fuel and heavy water to the reactor site.
- Not construct a facility capable of reprocessing. Without reprocessing, Iran cannot separate plutonium from spent fuel.
Iran has committed to:
- Provide daily access by IAEA inspectors at Natanz and Fordow. This daily access will permit inspectors to review surveillance camera footage to ensure comprehensive monitoring. This access will provide even greater transparency into enrichment at these sites and shorten detection time for any non-compliance.
- Provide IAEA access to centrifuge assembly facilities.
- Provide IAEA access to centrifuge rotor component production and storage facilities.
- Provide IAEA access to uranium mines and mills.
- Provide long-sought design information for the Arak reactor. This will provide critical insight into the reactor that has not previously been available.
- Provide more frequent inspector access to the Arak reactor.
- Provide certain key data and information called for in the Additional Protocol to Iran's IAEA Safeguards Agreement and Modified Code 3.1.
In return for these steps, the P5+1 is to provide limited, temporary, targeted, and reversible relief while maintaining the vast bulk of our sanctions, including the oil, finance, and banking sanctions architecture. If Iran fails to meet its commitments, we will revoke the relief. Specifically the P5+1 has committed to:
- Not impose new nuclear-related sanctions for six months, if Iran abides by its commitments under this deal, to the extent permissible within their political systems.
- Suspend certain sanctions on gold and precious metals, Iran's auto sector, and Iran's petrochemical exports, potentially providing Iran approximately $1.5 billion in revenue.
- License safety-related repairs and inspections inside Iran for certain Iranian airlines.
- Allow purchases of Iranian oil to remain at their currently significantly reduced levels -- levels that are 60% less than two years ago. $4.2 billion from these sales will be allowed to be transferred in installments if, and as, Iran fulfills its commitments.
- Allow $400 million in governmental tuition assistance to be transferred from restricted Iranian funds directly to recognized educational institutions in third countries to defray the tuition costs of Iranian students.
IAEA reports Iran nuclear activity slowed not reduced
The report was the IAEA’s first meaningful assessment since Iran’s President Rouhani took office. It comes as representatives from the P5+1 powers (US, UK, China, Russia, France and Germany) and Iranian officials prepare to meet again next week to further consider an interim agreement over Iran’s nuclear programme.
The IAEA report found that during the past three months, four advanced centrifuges had been added at the central Natanz plant, in comparison to 1,861 during the previous three-month period. The report concludes activity has been “more or less frozen” at the Arak heavy water plant, where it is feared plutonium is being developed which could speed up nuclear activity. However, Iran’s stockpile of 20 per-cent enriched uranium, considered just a short step away from weapons-grade material, has increased by five per cent to 196kg since August. Despite the slight increase, this is still below the 240kg mark specified last year by Israel’s Prime Minister Benjamin Netanyahu as his “red line” which may precipitate action against Iran’s nuclear facilities. ( Source Bicom )
- Arak plutonium reactor: Arak need to be followed closely. Before the French intervention during the last round of talks, the Arak clause was problematic, proposing that Iran could not commission the facility but could continue construction in the next six months. One idea is that it will be converted into a light water reactor from a heavy water plant, this is something else.
- The Iranian narrative, that they have the ‘right’ to enrichment, has become an issue of their national pride. As a result, any deal will probably allow a degree of enrichment, but round the clock inspections by the IAEA will be essential to manage this.
- One key challenge is that the P5+1 powers should agree among themselves on a clearly defined endgame to the talks after an interim accord of six months.
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