Iran to remain under threat of sanctions for 15 years

Tehran(AFP): Iran will remain under the threat of renewed international sanctions for 15 years, according to a letter to the UN from the six countries that reached the accord with Tehran curtailing its nuclear program.

The 10-year agreement struck in Vienna this week calls for a lifting of the sanctions that have crippled the Iranian economy in exchange for measures to ensure Iran does not build nuclear weapons. But the historic accord also features a “snapback” mechanism to restore the sanctions almost immediately if Iran does not live up to its commitments.

According to the letter, dated Tuesday and obtained by AFP, the so-called P5+1 countries — US Security Council permanent members Britain, China, France, Russia and the United States, plus Germany — commit to extending this mechanism by five years after the nuclear accord expires.

“For a period of five years following this termination,” the letter says, the P5+1 countries will maintain the principle “that provides for the reinstatement of measures in the event of Iran’s significant non-performance” of any of its commitments under the Vienna accord.

The presence of a “snapback” mechanism was known before now, but the timescale it covers had been unclear. In coming days the Security Council is expected to pass a resolution endorsing the Vienna agreement and opening the way for the gradual and conditional lifting of sanctions against Iran.

Posted by on July 16, 2015. Filed under World. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.