Iran and P5+1 gave nod for nuclear agreement Joint Comprehensive Plan of Action (JCPOA) [ Current Affairs ]

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Iran, the P5+1 and the European Union (EU) conceded on a framework agreement called as Joint Comprehensive Plan of Action (JCPOA) for the purpose to stop Iran from developing nuclear weapons.

  • The agreement was signed at Lausanne’s Beau-Rivage Palace hotel in Switzerland and it will be used as the basis for evolving the final draft of JCPOA by 30 June 2015.
  • P5+1’s permanent members have the US, the UK, France, China and Russia plus Germany of the United Nations Security Council.
  • According to the agreement, Iran will use only the facility at Natanz to enrich uranium and Iran will also reduce about two-thirds of its installed centrifuges from 19000 to 6104, with only 5060 of these will be used for enriching uranium for 10 years.
  • Iran will not use its advanced centrifuges, such as the IR-2, IR-4, IR-5, IR-6, or IR-8 models, to produce enriched uranium for at least 10 years.
  • Iran will redesign and rebuild a heavy water research reactor in Arak which based on a design that is agreed to by the western powers for support only peaceful research.

- Published on: April 6, 2015