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Saturday, 16 January 2016

IAEA announcement expected on Iranian compliance with nuclear agreement

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Top negotiators for Iran, the United States and other countries are converging Saturday on Vienna in anticipation of a crucial judgment on whether Iran has complied with an agreement to restrict its nuclear program in exchange for the lifting of some international economic sanctions.
The International Atomic Energy Agency is expected to certify that Iran is indeed fulfilling its commitments under the July deal, setting the stage for the country's return to the embrace of the international community and the global economic system.
A positive report from the IAEA would herald the arrival of "Implementation Day," when both the European Union and the United States will lift some economic sanctions that have been imposed on the Islamic Republic.
Iranian Foreign Minister Javad Zarif appeared confident in a post to Twitter shortly after arriving in Vienna that the milestone has been met. "#ImplementationDay, it's now time for all -- especially Muslim nations -- to join hands and rid the world of violent extremism. Iran is ready."

Iran anticipates return to global financial system

"Implementation Day" would mark a major milestone in the deal that Iran made in July with six world powers, including the United States -- a deal intended to prevent Tehran from developing nuclear weapons while allowing it to continue a peaceful nuclear program and lift painful economic sanctions.
But not all nuclear-related sanctions will be rescinded immediately -- that won't happen for about 10 years, should the deal hold. But this month's milestone will mean Iran will be able to sell its oil again on world markets and its banks will be able to connect to the global system.
Earlier this week, Iranian Deputy Foreign Minister Abbas Aragchi said that his country's foreign minister and the European Union's high commissioner for foreign affairs would hold a news conference within two days of the IAEA's report, with the intention of addressing immediate sanctions removal.

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