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General Market Commentary
Russia and Iran to revamp Fordow nuclear facility
Russia’s Ambassador to Iran, Levan Dzhagaryan, announced Sunday that his government offered some support so that the Middle Eastern country revamps the Fordow nuclear facility, located near the northern city of Qom.
In an interview with Russia’s news agency TASS, Dzhagaryan said a delegation from the state-run nuclear agency Rosatom visited the Iran and discussed “certain practical aspects of the project to reconfigure the Fordow reactor.”
These recent Moscow-Tehran conversations are taking place within the framework of the Joint Comprehensive Plan of Action on Tehran’s nuclear program, which was signed in Vienna in the summer of 2015 and involves Iran, Russia, the United States, China, the United Kingdom, France and Germany.
According to the deal, the Persian nation should produce no weapons-grade plutonium and reduce its stockpiles of enriched uranium in return for the removal of international sanctions. After Iran implemented its obligations, former US President Barack Obama lifted sanctions. However, following his announcement of a new strategy towards Iran, President Donald Trump refused to certify the agreement on January 13, 2018 and later on said that Washington would withdraw from it unless the accord’s “disastrous flaws" were fixed.
The US President’s position is a cause of concern in both Tehran and Moscow, the Russian ambassador told TASS. "There are reasons to understand our European counterparts also worry about this, as they had applied much effort to reach the deal," he said.