
Iranian President Hassan Rouhani announced on Tuesday that
the Islamic Republic’s uranium enrichment process “will never witness
the stop of enrichment in Iran and that enrichment is our red line.”
Early Sunday, Iran and the 5+1 world powers, the five
permanent U.N. Security Council members plus Germany, reached an
agreement in Geneva over its illicit nuclear program. Under the
agreement, Iran, in return for billions of dollars in sanctions relief,
will keep much of its nuclear infrastructure, is limited to enriching
uranium at the five percent level for six months, will convert its
highly enriched uranium of 20 percent to harmless oxide and will allow
more intrusive inspections of its nuclear plants by the International
Atomic Energy Agency, which will be limited to only agreed-on
facilities.
Rouhani said the Geneva agreement will transform the country’s banking system.
“The most important fact is that there will be no new
sanctions,” he said. “This means that the sanctions regime has been
broken.”
Sanctions by the United States, the United Nations and the
European Union, especially in the oil and banking systems, have nearly
brought Iran’s economy to its knees.
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