BREAKING NEWS

IAEA says needs more money to monitor extended Iran nuclear deal

By REUTERS

NOVEMBER 26, 2014 18:17

VIENNA - The UN atomic agency will need more funds from member states to help pay for its monitoring of an extended interim nuclear deal between Iran and six world powers, it said on Wednesday.

Iran and the United States, France, Germany, Britain, China, and Russia failed to meet a Nov. 24 deadline for resolving a 12-year dispute over Iran's nuclear program and gave themselves until the end of June for further negotiations.

As a result, a preliminary agreement reached late last year - under which Iran halted its most sensitive nuclear activity in exchange for limited sanctions easing - will remain in force.

The International Atomic Energy Agency (IAEA) has seen its workload increase significantly under that accord, initially due to run for six months from January but first extended in July and again this week.

For example, IAEA inspectors now visit Iran's uranium enrichment facilities of Natanz and Fordow daily, compared to about once a week before.

The IAEA did not say how much more money it would need. It earlier this year asked for voluntary financial contributions of about 6.5 million euros to cover its extra Iran-related costs.

Because of the deal's political importance, diplomats have said there should be no problems in raising the required funds.

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