Iran, powers extend talks after missing nuclear deal deadline
Saturday, July 19, 2014 - 01:09
Jul.19 - Iran and six powers agree to a four-month extension to the deadline for an agreement between Iran and world powers on Iran's nuclear programme. Sarah Toms reports.
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After marathon talks at this palace in Vienna, diplomats agree to continue discussions to curb Iran's nuclear activities in exchange for ending sanctions.
Tehran and the five permanent members of the UN security council along with Germany will extend their original July 20th deadline for four more months.
(SOUNDBITE) (English) EU FOREIGN POLICY CHIEF CATHERINE ASHTON SAYING:
"While we have made tangible progress on some of the issues and have worked together on a text for a Joint Comprehensive Plan of Action, there are still significant gaps on some core issues which will require more time and effort. We, together with the Foreign Ministers of the E3+3, have therefore decided to extend the implementation of measures of the Joint Plan of Action until 24 November 2014, in line with the timeframe that we envisaged in the Joint Plan of Action. Iran and the E3/EU+3 reaffirm that they will continue to implement all their commitments described in the Joint Plan of Action in an efficient and timely manner."
This means that Iran will be able to access $2.8 billion of frozen cash, even after failing to meet the deadline. But U.S. officials warned that most sanctions would remain in place.
Western countries want to scale back Iran's nuclear activities to ensure that it cannot assemble a nuclear weapon.
Iran, which insists its nuclear work is peaceful, wants to end sanctions that have crippled the economy.
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