Published: Mon, July 01, 2019
Global News | By Blake Casey

Iranian media say uranium stockpile exceeds 2015 limits

Iranian media say uranium stockpile exceeds 2015 limits

Iran acknowledged Monday it had broken the limit set on its stockpile of low-enriched uranium by the 2015 nuclear deal, marking its first major departure from the unraveling agreement a year after the US unilaterally withdrew from the accord.

"We are aware of the media reports related to Iran's stockpile of low-enriched uranium", an IAEA spokesman said. But at a meeting in Vienna on Friday between Iran and the other signatories to the 2015 deal, known as the Joint Comprehensive Plan of Action, the European Union made new offers to persuade Tehran not to go ahead with its threat.

"Iran is determined to cut it commitments to the deal and the 300 kg enriched uranium limit will be soon breached", the unnamed source said, according to Fars.

Zarif did not say how much low-enriched uranium had on hand, IRNA said.

Previously, Iran enriched as high as 20%, which is a short technical step away from reaching weapons-grade levels.

"The most important reason for this is their concern about their unilateral interest and their lack of political will to secure legitimate and legal rights of Iran under JCPOA", he highlighted.

Araqchi said, "For INSTEX to be useful for Iran, Europeans need to buy oil or consider credit lines for this mechanism otherwise INSTEX is not like they or us expect". It held off on publicly making an announcement as European leaders met Friday in Vienna to discuss ways to save the accord.

Trump And Xi Came To This Agreement During The G20 Summit
The negotiations hit an impasse in May after Washington accused Beijing of reneging on reform pledges made during months of talks. Trump also said that Xi agreed that China will buy a "tremendous amount" of USA agricultural products.

"Never threaten an Iranian".

The Iranian foreign minister, Javad Zarif vowed Iran would never give in to U.S. pressure.

On 20 June, Iran shot down an unmanned USA drone, which Tehran said was over Iranian territory but Washington maintained was above global waters.

Zarif also said Instex could counter what he regarded as the weaponisation of the dollar in an attempt to impose U.S. foreign policy on Europe.

In a speech on Monday broadcast on state TV, Iranian Zarif said: "Iran will never yield to pressure from the United States".

"This will certainly have long-term effects", Zarif said, claiming Russian Federation and China had recently chose to stop trading with dollars as part of a global trend away from using the currency.

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