Wednesday, July 15, 2015

Iran Nuclear Deal Full Text and Observations

Under legislation passed in May, Mr. Obama won’t be able to ease any sanctions against Iran during a 60-day period designated for lawmakers to review the deal. The 60-day period doesn’t begin until the administration has submitted the completed deal’s full text and any appendices to Congress. Had negotiators struck a deal by July 9, that review period would only have been 30 days.IRAN DEAL
President Obama announced that the U.S. and international community have reached an important agreement that will block all of Iran’s pathways to a nuclear weapon.
Read the Full Text of the Iran Nuclear Deal Here
Civilian Nuclear Program
The six-power group—the U.S., U.K., Russia, China, Germany and France—will cooperate with Iran to help modernize parts of its civilian nuclear program.
HIGHLIGHTS OF THE DEAL
Centrifuges and Uranium
Iran will remove two-thirds of its centrifuges, machines that enrich uranium; will cut its stockpile of enriched uranium below 300 kilos; won’t produce enriched uranium over 3.67%purity for 15 years; and will change the design of its Arak plutonium reactor so it won’t produce weapons-grade material.
Facilities
Iran can keep all three of its nuclear facilities, though it will only be able to enrich uranium in one of them. After 15 years, Iran could significantly rev up its enrichment program.
Comprehensive Monitoring
Iran must allow comprehensive monitoring of its nuclear and broader access to non-nuclear facilities, including oversight of its nuclear supply chain such as uranium mines and centrifuge plants, for up to 25 years.
Civilian Nuclear Program
The six-power group—the U.S., U.K., Russia, China, Germany and France—will cooperate with Iran to help modernize parts of its civilian nuclear program.
Easing Sanctions
Once it has implemented key steps to scale back its nuclear program, Iran will win relief from European Union, U.S. and United Nations energy, financial and commercial sanctions. Implementation is expected by early 2016.
Oil Revenue
Iran stands to get back more than $100 billion in oil revenue stuck overseas under U.S. sanctions once the deal is implemented.
Know-How
Among the steps Iran must address in coming months: Its past nuclear work that may have been aimed at gaining nuclear-weapons know-how. It is likely that some issues will remain unresolved before sanctions are lifted.
Some Sanctions Will Remain
U.S. non-nuclear sanctions, including on energy and financial dealings with Iran, will remain. So will U.N. constraints on Iran's buying and selling of arms and ballistic missiles for up to five and eight years respectively. Iran must also use a specific procurement channel to buy products that can be used in a nuclear program.
Enforcement

If Iran cheats on the nuclear deal, there will be a relatively quick sanctions snapback mechanism in the U.S. and the EU. However, it could take up to 65 days for U.N. sanctions to snap back into effect.
More from The WorldPost on the nuclear agreement:

No comments:

Post a Comment

Comments are moderated, and will appear after approval..Anonymous comments will not be approved.