Details of the settlement proposal formula submitted by the European Union to revive the 2015 nuclear deal are out. According to the proposal, concessions will be given to Iran in four stages if the agreement is reinstated. The agreement also clarifies that Iran has the right to appropriate compensation if any country withdraws from the agreement in the future.
The European Union handed over a new formula including arrangements acceptable to Iran and the United States in a situation where the long negotiations in Vienna failed. Iran has conveyed the message that the proposal is acceptable in principle. The European Union is hoping for a sympathetic response from the United States.
According to the proposal, the sanctions imposed by the United States on 17 Iranian banks and 150 financial institutions will be lifted the day following the relevant countries sign the document reviving the agreement. Iran should also be ready to fully return to the nuclear deal arrangements. Iran will hand over seven billion dollars in assets held by South Korea.
Iran can also resume oil sales. It is also a part of the agreement that Iran will have the opportunity to export two and a half million barrels of oil per day within 120 days of signing the agreement. If the United States withdraws from the agreement, it must pay Iran an adequate amount of compensation.
The world is waiting to know the position of the United States on the proposal of the European Union. America continues to communicate with countries including Israel.