Iran ex­pects next pay­ment un­der nu­clear deal

Daily Trust - - INTERNATIONAL -

Iran ex­pects to get a fifth in­stall­ment this week of pre­vi­ously blocked over­seas funds, a se­nior of­fi­cial was quoted as say­ing, a pay­ment that would con­firm Ira­nian com­pli­ance with a land­mark deal with world pow­ers to curb its nu­clear pro­gram.

Un­der last year’s in­terim agree­ment that took ef­fect on Jan­uary 20, Iran will re­ceive a to­tal of $4.2 bil­lion of such funds in eight pay­ments over six months, if it lives up to its part of the ac­cord aimed at al­lay­ing fears about its atomic aims.

It says it has al­ready re­ceived four trans­fers in Fe­bru­ary and March, to­tal­ing some $2.1 bil­lion. A fifth pay­ment of $450 mil­lion was due on April 15, con­tin­gent on Iran hav­ing di­luted half of its most sen­si­tive stock­pile of nu­clear ma­te­ri­als. Diplo­mats say Iran is meet­ing its com­mit­ments un­der the ac­cord.

Deputy For­eign Min­is­ter Ma­jid Takht-Ra­vanchi told the of­fi­cial IRNA news agency on Tues­day that the lat­est in­stall­ment “was to be freed to­day”, with­out giv­ing de­tails. Takht-Ra­vanchi is a se­nior mem­ber of Iran’s nu­clear ne­go­ti­at­ing team. The English-lan­guage IRNA re­port was dated April 16.

The head of the U.N. nu­clear agency, Yukiya Amano, last week told Reuters that the nu­clear agree­ment be­tween Iran and the pow­ers - the United States, France, Rus­sia,Ger­many, China and Bri­tain - was be­ing im­ple­mented as planned.

The In­ter­na­tional Atomic En­ergy Agency (IAEA), which has in­spec­tors on the ground in­Iran, is­sues monthly up­dates on whether Iran is com­ply­ing with the deal. The next up­date is ex­pected this week.

Un­der the Novem­ber 24 agree­ment, Iran agreed to halt its higher-grade ura­nium en­rich­ment work and to di­lute and con­vert its stock­pile of ura­nium en­riched to a fis­sile pu­rity of 20 per­cent. Reuters

Prince Ban­dar bin Sul­tan was ap­pointed head of the Gen­eral In­tel­li­gence Pres­i­dency in July 2012

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