An Iranian official has said all parties to nuclear talks between Iran and P5+1 are making serious efforts to find solutions to the outstanding issues surrounding Tehran’s nuclear program, adding there is no talk yet of extending the negotiations beyond the March 31 deadline to reach a mutual understanding.

Speaking to reporters in the Swiss city of Lausanne late on Monday, Iranian Foreign Ministry’s Director General for Political Affairs Hamid Baidinejad said the issue of continuing the talks beyond the March 31 deadline has not been raised yet, adding that finding solutions to the remaining issues is of “importance to all.”

“All [the negotiating sides] emphasize that the chance should not be missed and they are all doing their best,” he added.

The Iranian negotiator also said no agreement has been finalized yet between Iran and P5+1, noting that all the parties believe they should focus on further efforts to achieve their objectives and reach a mutual understanding.

“The marathon meetings will continue so that we reach a final agreement,” Baidinejad pointed out.

Asked whether the points of difference were technical or political, the official said ministerial-level discussions “may have a technical framework, but have important political aspects.”

The senior Foreign Ministry official emphasized that all the negotiating parties should make their own decisions and work on new formulas to settle the outstanding issues.

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Deputy foreign ministers of Iran and the US under-secretary of state have held a meeting in Lausanne after the end of a plenary meeting among top representatives of the Islamic Republic and P5+1 on Tehran’s nuclear program.

Abbas Araghchi and Majid Takht-e Ravanchi, the two Iranian deputy foreign ministers, sat with US Under-Secretary of State for Political Affairs Wendy Sherman in the Swiss city on Monday as a Tuesday’ deadline looms.

Iranian Foreign Minister Mohammad Javad Zarif held a meeting earlier with US Secretary of State John Kerry, German Foreign Minister Frank-Walter Steinmeier, French Foreign Minister Laurent Fabius, Chinese Foreign Minister Wang Yi, Russian Foreign Minister Sergei Lavrov, British Foreign Secretary Philip Hammond and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini.

Ready for compromise: Russia

Following the plenary session of the foreign ministers of Iran and P5+1, the Russian Foreign Ministry published a statement saying Foreign Minister Sergei Lavrov has called on all participants in the nuclear negotiations to be ready for compromise.

“During the plenary session, Lavrov confirmed Russia’s adherence to prompt achievement of a comprehensive agreement. The minister reiterated the importance for all parties to be ready for compromise in the interests of finding mutually acceptable solutions,” the statement said.

According to the statement, the plenary session “focused on the search for a political and technical compromise” on issues preventing the achievement of a mutual understanding.

“All participants stated considerable progress reached in the negotiation process and confirmed the general wish to achieve a comprehensive solution to the situation regarding the Iranian nuclear program within the next few days,” the Russian Foreign Ministry added.

The United States and Europe reportedly want the UN Security Council (UNSC) sanctions on Iran to be automatically reversible, meaning that if Iran violates the deal at any point, the UNSC sanctions will automatically be re-imposed on Tehran.

Russia opposes such a scenario, saying in such a case the UNSC should decide what to do. Moscow says automatic imposition of sanctions goes against the mechanism of the Security Council.

China also reportedly shares Russia’s viewpoint and is against the imposition of automatically reversible sanctions on Iran.

The final stage of the ongoing talks between Iran and P5+1 – the United States, Britain, France, Russia and China plus Germany – in Lausanne is expected to continue until Tuesday, which was set as a deadline for reaching mutual understanding in the negotiations.

Top representatives from Iran and P5+1 held a plenary meeting in the Swiss city of Lausanne earlier Monday to narrow their differences in negotiations aimed at reaching a final deal over the Islamic Republic’s nuclear program.

Iranian Foreign Minister Mohammad Javad Zarif sat down with US Secretary of State John Kerry, German Foreign Minister Frank-Walter Steinmeier, French Foreign Minister Laurent Fabius, Chinese Foreign Minister Wang Yi, Russian Foreign Minister Sergei Lavrov, British Foreign Secretary Philip Hammond and High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini.

Meanwhile, Maria Zakharova, the deputy spokesperson for the Russian ministry of foreign affairs, said Lavrov would leave Lausanne today and return if necessary tomorrow night. She added that Russia does not want any possible agreement to be in violation of the UN Security Council mechanisms.

This comes as sources say that the US and Europe want UN Security Council (UNSC) sanctions to be automatically reversible, meaning that if Iran violates the deal at any point, the UNSC sanctions will automatically be re-imposed on Tehran.

Russia opposes such a scenario, saying in such a case the UNSC should decide what to do. Moscow says automatic imposition of sanctions goes against the mechanism of the UNSC.

China also reportedly shares Russia’s viewpoint and is against the imposition of automatically reversible sanctions on Iran.