Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Much more work needed in Iran nuclear talks despite progress, EU says

Published 04/20/2021, 10:26 AM
Updated 04/20/2021, 11:10 AM
© Reuters. Meeting of the JCPOA Joint Commission in Vienna

By Francois Murphy

VIENNA (Reuters) -Iran and world powers have made headway in talks to save the 2015 nuclear accord though much more work is needed, a senior European Union official said on Tuesday, with meetings to resume next week after consultations in their respective capitals.

"Progress made over the last two weeks," European External Action Service Deputy Secretary General Enrique Mora said on Twitter. "But much more hard work needed. Third expert group was created to address sequencing issues."

The talks, aimed at bringing Iran and the United States back into compliance with the nuclear deal will pick up again next week based on progress achieved so far, Russian and Chinese officials said earlier on Tuesday.

Iran and world powers have been meeting in Vienna since early April to hammer out steps that must be taken, touching on U.S. sanctions and Tehran's breaches of the deal's limits on its uranium enrichment capacity.

"Today the Joint Commission of #JCPOA took note with satisfaction of the progress made in negotiations to restore the nuclear deal," said Mikhail Ulyanov, Russia's ambassador to the U.N. nuclear watchdog (IAEA), referring to the nuclear deal.

"In view of the progress made...so far the Joint Commission of #JCPOA decided to establish the third working group to deal with possible sequencing of practical steps leading to full restoration of the Iranian nuclear deal."

U.S. President Joe Biden's administration, which took office in January seeking to rejoin the accord, has said it is ready to remove "all sanctions that are inconsistent" with the deal, though not spelled out which measures it means.

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

Iran's clerical establishment has said it will not return to strict observance of the 2015 agreement unless all sanctions reimposed or added by former President Donald Trump after he abandoned the accord in 2018 are rescinded first.

Iran's chief nuclear negotiator said the talks were moving forward despite difficulties but warned Tehran would halt the negotiations if faced with "unreasonable demands" or time wasting.

Iranian officials had on Monday cited the possibility of an interim deal to buy time for a lasting settlement.

Separately, the Iranian government said it had launched enrichment of uranium to 60% fissile purity in order to show its technical capacity after a sabotage attack at a nuclear plant that Tehran has blamed on Israel, which opposes deal-making with Iran. But the escalation of enrichment is quickly reversible if Washington drops sanctions, the government said.

China's envoy to the U.N. nuclear watchdog, Wang Qun, told reporters after a meeting of the remaining parties to the 2015 deal broke off that the parties had begun a drafting process and were clearer about what a final document would look like.

"We see productive work from the Joint Commission under the leadership of EU colleagues through their two processes, not only the working group process but also their proximity talks with the United States over the past few days," he said, adding that sanctions-lifting remained the top issue to be resolved.

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.