Iran Nuclear Deal Details Revealed

World | July 14, 2015, Tuesday // 13:53
Bulgaria: Iran Nuclear Deal Details Revealed Photo: EPA/BGNES

Some details of the nuclear deal with Iran have now been revealed.

According to Iran’s IRNA news agency, the signed agreement will allow for billions of dollars from frozen deals to be released back into the country’s economy. 

Reportedly, Iran will still retain the right to enrich uranium, but at such a small amount that it will not be sufficient for the development of nuclear weapons.

Iran has also accepted a type of a ‘’snapback’’ mechanism that will allow for a transitional period of 65 days. During that time, in case any of the terms of the agreement is violated, the international community will have the right to re-impose bans on weapons and other goods.

The deal has been seen as a major breakthrough and a success for the administration led by Iran's President Hassan Rouhani who employed considerable efforts into warming up diplomatic relations with the US.

Not everyone was satisfied with the outcome of the Vienna negotiations, though.

‘’Iran will get a jackpot, a cash bonanza of hundreds or billions of dollars, which will enable it to continue to pursue its aggression and terror in the region and the world,’’ Israeli Prime Minister Benjamin Netanyahu said, according to Reuters.

Despite the fact that the deal has been signed by all parties involved (Iran, the EU, US, China, Russia, Germany, Israel), it will still need to be ratified by the US Congress to take effect.

UN’s Atomic Energy Agency is also set on reaching an agreement with Iran by the end of the year.

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Tags: Iran, UN, EU, US, nuclear program, deal, negotiations, talks, Hassan Rouhani, Benjamin Netanyahu
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