Iran Nuclear Deal Ends Decade-Long Standoff - Mogherini, Zarif

© REUTERS / Leonhard FoegerIran nuclear talks
Iran nuclear talks - Sputnik International
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After over two weeks of strenuous talks the Iran's nuclear deal was reached. It envisages that the UN arms embargo against Iran will remain for another five years. US missile sanctions will stay intact for another eight years. In compliance with a "snapback" plan, sanctions may be renewed within 65 days if Iran violates the agreement.

VIENNA (Sputnik) — The Iranian nuclear talks have come to the end in Vienna and EU Foreign Policy Chief Federica Mogherini and Iran Foreign Minister Mohammad Zarif have announced the historic deal in a joint statement.

"We delivered on what the whole world was hoping for — a shared commitment to peace and to make our world safer. This is a historic day also because we are creating the conditions for building trust and opening a new chapter in our relationship," the joint statement reads.

Economic and financial sanctions against Tehran imposed by the United Nations, the United States and the European Union will be lifted once the International Atomic Energy Agency (IAEA) verifies the peaceful nature of Iran's nuclear program, Federica Mogherini said.

"The joint comprehensive plan of actions…. To introduce comprehensive lifting of all UN Security Council sanctions as well as multilateral and national sanctions related to Iran's nuclear program, including steps on access to trade, technology, finance and energy."

(From L to R) Chinese Foreign Minister Wang Yi, French Foreign Minister Laurent Fabius, German Foreign Minister Frank Walter Steinmeier, European Union High Representative for Foreign Affairs and Security Policy Federica Mogherini, Iranian Foreign Minister Mohammad Javad Zarif, Head of the Iranian Atomic Energy Organization Ali Akbar Salehi, Russian Foreign Minister Sergey Lavrov, British Foreign Secretary Philip Hammon, U.S. Secretary of State John Kerry and U.S. Secretary of Energy Ernest Moniz pose for a group picture at the United Nations building in Vienna, Austria July 14, 2015 - Sputnik International
Iran, P5+1 Strike Nuclear Deal: Agreement in Details
The comprehensive deal on Iran nuclear program reached in Vienna will be under intense scrutiny, EU Foreign Policy Chief Federica Mogherini said.

"The Joint Comprehensive Plan of Action is a balanced deal that that respects the interests of all sides," the statement says.

The final text of Iran deal contains the main text, and five technical annexes on nuclear, sanctions, civil nuclear energy cooperation, a joint oversight commission, and implementation.

"These documents are detailed and specific. That is important because both sides wanted clarity so as to ensure the full and effective implementation of the agreement," the statement continues.

Moreover the Joint Comprehensive Plan of Action aims, when implemented, "to give confidence in the peaceful nature of Iran's nuclear program," the statement said calling on the international community to support the deal's implementation.

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