Details of Geneva nuclear agreement

Accord signed over Iran’s nuclear program is divided into a series of “voluntary measures” by Iran, Western nations.

November 25, 2013 02:04
Delegations from Iran, other world powers during closed-door nuclear talks on October 15, 2013.

geneva iran talks oct 15 370. (photo credit: REUTERS)

The agreement signed over Iran’s nuclear program is divided into a series of “voluntary measures” by Iran and Western nations. While Iran is permitted to continue enriching uranium to the 3.5 percent level, it has agreed to:

• Not enrich uranium above 5%, and neutralize or convert to other uses its existing 20% enriched uranium
• Not increase its net stockpile of low-enriched uranium
• Not make progress on enrichment capabilities, such as installing additional centrifuges, and not conduct testing or fueling at its Arak heavy-water reactor
• Provide daily access to International Atomic Energy Agency inspectors and details about each nuclear facilities’ operations

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In response, the P5+1 nations, in order to release about $7 billion of revenue, agreed to:

• Suspend sanctions on auto parts, petrochemical exports, gold and other precious metals, and not impede Iran’s efforts to sell crude oil
• Allow the supply and installation of airplane parts to increase safety of Iranian aircraft
• Not pass new sanctions in the UN, the EU, or, with caveats, the US

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