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US eases economic sanctions on Iran

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The US and EU responded today with easing of economic sanctions against Iran as they officially began their reduction of Uranium enrichment, according to CNN this morning.

‘In reciprocation for Iran's concrete actions, the United States and its P5+1 partners -- the United Kingdom, France, Germany, Russia, and China -- as well as the European Union will today follow through on our commitment to begin to provide the modest relief agreed to with Iran,’ said White House spokesman Jay Carney. ‘At the same time, we will continue our aggressive enforcement of the sanctions measures that will remain in place throughout this six-month period.’

A centrifuge is a mechanism used to enrich uranium. ‘From now on, the centrifuges which were used for producing 20% enriched uranium will be used for enriching uranium to the 5% purity level,’ said Mohammad Amiri, a director in the nation's nuclear agency.

UN inspectors were present today as this reduction program was started in accordance to the Interim deal struck last November 24 in Geneva with the US and its P5+1 partners.

The United Nations nuclear agency, the International Atomic Energy Agency, confirmed that higher-level uranium enrichment in the Natanz facility in central Iran had been stopped.

‘This is an important day in our pursuit of ensuring that Iran has an exclusively peaceful nuclear program,’ said Catherine Ashton, the European Union foreign policy chief.

She said she's optimistic a new round of negotiations could come soon. ‘Depending on how things work out today, I hope that we will start talks in the next few weeks,’ Ashton said.

Under the Geneva deal, Iran agreed to halt its 20 percent enrichment program but continue enrichment up to 5 percent. It also agreed to convert half of its stockpile of 20 percent enriched uranium to oxide and dilute the remaining half to 5 percent over a period of six months which will include UN inspections.

To obtain more information about the historic Interim pact with Iran, please, view articles listed below in Author's suggestions and view the video atop this article from Iranian TV today.

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