Iran to Press Ahead with Reduced Commitment to JCPOA: Source

An informed source has told Iran’s Khorassan daily that the results of the Friday meeting of the JCPOA joint commission in Austria’s capital were far distant from Iran’s legitimate rights under the nuclear deal and have failed to fulfill its demands.

“The Islamic Republic of Iran’s definite decision is to continue with its measures to reduce its JCPOA commitments, and in this approach, it will soon bypass the 300-kilogram limit on enriched uranium stockpile for the first step,” the source added.

The informed source also made it clear that Iran will be ready to reverse its decision about a reduction in the JCPOA commitments, which are enshrined in the deal’s Articles 26 and 36, as soon as the European parties ensure Tehran’s oil and banking interests under the agreement.

The comments came after negotiators from Iran and the Group 4+1 (Russia, China, Britain, France and Germany) convened in Vienna on Friday to discuss the ways to save the Joint Comprehensive Plan of Action.

Iranian Deputy Foreign Minister for Political Affairs Seyyed Abbas Araghchi has said some progress was made at the meeting, but it was “still not enough” to keep the nuclear deal alive.

In early May, Iran suspended limits on its production of enriched uranium and heavy water, moves that did not technically violate the deal but signaled that its patience was wearing thin. Iran also gave Europe a 60-day deadline, which will be over on July 8, threatening that it will take further measures if Europe fails to compensate for the US’ 2018 withdrawal from JCPOA.