Iran, Powers Discussing Removal of Economic Sanctions

(FNA)- Iranian Deputy Foreign Minister and senior negotiator Seyed Abbas Araqchi announced that Tehran and the world powers are conferring on ways to repeal the economic sanctions against Iran.

"Removal of sanctions in the economic sector is being discussed so that the other side will remove the sanctions structures in a document and declare that if Iran acts upon its undertakings, they will remove the sanctions," Araqchi was quoted as saying by Javad Karimi Qoddousi, a member of the parliament's National Security and Foreign Policy Commission, in a private session of the parliament in Tehran on Sunday.

In relevant remarks in April, Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi underlined that all embargos imposed against Iran's different economic sectors, including oil, banking and insurance industries, would be removed right after Iran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany) strike a final agreement.

"All insurance, oil, financial and banking sanctions will be removed as soon as a comprehensive agreement will take effect," Salehi said during a Q & A meeting with students at Sharif University of Technology in Tehran.

He noted that if Tehran and the world powers stroke a final deal all the resolutions of the UN Security Council which include six resolutions would also be revoked in the form of a single UNSC resolution.

Also last month, Araqchi underlined that all sanctions against the country would be terminated on the very same day that the final nuclear agreement between Tehran and the world powers would be put into effect.

He stressed that Iran's position is crystal clear, adding, "All economic and financial sanctions should be annulled on the same day that the agreement is put into action, and an agreement has been made on this very same basis and we are now trying to write it down."

He described writing the final deal as complicated and extensive, given the different dimensions of the sanctions. "We can say in one sentence that all economic sanctions should be removed, but given the different types of the sanctions which exist and their highly different aspects, it is a difficult job."

Explaining that certain sanctions are related to the UN Security Council and some others have been imposed by the US and Europe, Araqchi expressed the hope that drafting the final nuclear agreement would come to an end before the July 1.