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YEREVAN, October 23. /TASS/. The agreement on the Iranian nuclear program opens new prospects for strengthening regional and international cooperation, Armenian Foreign Minister Eduard Nalbandyan said on Friday.
"This agreement is important not only from the point of view of strengthening stability and security, but it also paves the way for developing mutually beneficial regional and international cooperation," Nalbandyan said at the opening of III International Forum of MGIMO (Moscow State Institute of International Relations) Graduates.
"We are now working with Iranian colleagues in several promising spheres," the foreign minister said. "Iran’s more active international economic involvement can make the region much more attractive from the economic point of view," he stressed.
On 14 July 2015, the P5+1 group of international mediators (five permanent members of UN Security Council - US, UK, Russia, China, France - and Germany) and Iran signed the Joint Comprehensive Plan of Action on Tehran’s nuclear program. Iran will not produce weapons-grade plutonium and limit its stockpile of uranium enriched to 3.67% to 300 kilograms for the next 15 years. Tehran also agreed to modernize its nuclear facilities and use them for exclusively peaceful purposes.
Sanctions will be gradually removed from Iran. The arms embargo imposed by UN Security Council will be kept in place for five years, ban for supplying ballistic missile technologies to Iran - for eight years. Experts from the International Atomic Energy Agency (IAEA) will monitor nuclear facilities in Iran for the next 25 years. If any points of the agreement are violated by Iran, sanctions against the country will be renewed.
On July 20, the corresponding resolution on Iran’s nuclear program agreement was adopted by UN Security Council.