Iran announces conclusion of technical talks in Switzerland with US
TEHRAN, June 23 (YPA)- The Islamic Republic of Iran announced the conclusion of a round of technical talks held in Switzerland within the framework of ongoing negotiations with the United States.
Kazem Gharibabadi, Deputy Foreign Minister and head of the technical negotiating delegation, confirmed that an agreement was reached among the four participating parties regarding the arrangements for the next phase of negotiations.
These upcoming talks will be conducted under the supervision of the High Committee for following up on the implementation of the Islamabad Memorandum of Understanding (MoU).
Key Outcomes of the Agreement:
Working Groups: The formation of four specialized technical working groups to handle the following files: the lifting of sanctions, the nuclear program, reconstruction and economic development, and monitoring and implementation mechanisms.
Strait of Hormuz and Lebanon: The establishment of a joint contact point to ensure the safe passage of commercial vessels through the Strait of Hormuz, alongside the formation of a special unit to prevent escalation in Lebanon, with the participation of member states plus Pakistan and Qatar.
Oil Exports: Completion of the necessary procedures for the issuance of a general license by the US Office of Foreign Assets Control (OFAC), permitting the sale of Iranian crude oil, petrochemical products, petroleum derivatives, and all associated services.
Frozen Assets: Immediate commencement of the implementation of understandings regarding the release of frozen Iranian assets worth $12 billion, to be disbursed in two equal installments of $6 billion each.
These technical talks serve to operationalize the Memorandum of Understanding reached in mid-June through international mediation led by Pakistan. The MoU aims to end the war launched by the United States and “Israel” against Iran on February 28, paving the way for a 60-day negotiation period toward a comprehensive agreement.
The MoU stipulates an immediate and permanent cessation of military operations on all fronts including Lebanon, the reopening of the Strait of Hormuz, the lifting of the U.S. naval blockade, and the establishment of a $300 billion Iran reconstruction fund.
YPA