Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Iran threatens to end deal with IAEA over U.S.-led push to criticize it

Published 02/26/2021, 05:22 AM
Updated 02/26/2021, 05:55 AM
© Reuters. FILE PHOTO: Iranian Foreign Minister Mohammad Javad Zarif (L) meets with International Atomic Energy Agency Director General Rafael Grossi (R)  in Tehran

By Francois Murphy

VIENNA (Reuters) - Iran is threatening to end a deal struck with the U.N. nuclear watchdog last weekend temporarily salvaging much monitoring of its activities if the agency's board endorses a U.S.-led push to criticise Tehran next week, an Iranian position paper shows.

Tehran this week scaled back cooperation with the International Atomic Energy Agency, ending extra inspection measures introduced by its 2015 nuclear accord with major powers. It was the latest of many steps retaliating for U.S. sanctions reimposed after the United States pulled out of that agreement in 2018.

Iran and U.S. President Joe Biden's administration are now locked in a standoff over who should move first to save the unravelling 2015 deal. Tehran says Washington should lift sanctions first. Biden wants Iran to undo its many retaliatory breaches of the deal's nuclear restrictions first.

In its own paper sent to other IAEA member states ahead of next week's quarterly meeting of the U.N. watchdog's 35-nation Board of Governors, the United States said it wants a resolution to "express the Board's deepening concern with respect to Iran's cooperation with the IAEA".

The U.S. paper obtained by Reuters said the board should call on Iran to reverse its breaches of the deal and cooperate with the IAEA to explain how uranium particles were found at old, undeclared sites - finds first reported by Reuters and confirmed in an IAEA report this week.

"Iran perceives this move as destructive and considers it as an end to the Joint Understanding of 21 February 2021 between the Agency and the Islamic Republic of Iran," Iran said in its own paper sent to other countries and obtained by Reuters, referring to its weekend deal with IAEA chief Rafael Grossi.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

That, in turn, "may lead to further complications in relation with the JCPOA", it said, referring to the 2015 deal by its full name, the Joint Comprehensive Plan of Action, adding that France, Britain, Germany and the United States had "revealed their plans" for a board resolution.

Diplomats said it was still unclear whether the board would adopt a resolution. In June, after the IAEA said Iran had denied it access for snap inspections at two sites where it later found uranium particles, the board passed a resolution calling on Iran to relent. Russia and China opposed it.

Iran has not listed the measures it stopped implementing this week but they include the so-called Additional Protocol enabling the IAEA to carry out snap inspections at undeclared locations.

The weekend deal keeps the recording of extra data as specified by the 2015 deal for up to three months, with the IAEA potentially accessing it at the end.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.