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IAEA requires more funding for monitoring Iran's nuclear activities

15 September 2014 19:02 (UTC +04:00)

Baku-APA. The International Atomic Energy Agency (IAEA) -- the U.N. nuclear watchdog -- said on Monday that there is still a funding gap of about 700,000 euros (904,980 U.S. dollars) for monitoring Iran's implementation of the deal between world powers and Tehran due to the extension of the accord, APA reports quoting Xinhua.

A statement issued by IAEA chief Yukiya Amano to an IAEA board meeting noted that the IAEA requires one million euros (1.29 million U.S. dollars) in additional funding for monitoring Iran's implementation of the deal agreed upon between Iran and the P5+1 group (the five U.N. Security Council permanent members plus Germany) which was extended for another four months in July.

However, only about 300,000 euros (387,650 U.S. dollars) in the funding has been pledged by member states, leaving a funding gap of about 700,000 euros (904,980 U.S. dollars), according to the IAEA chief.

Amano added that he would invite member states to make contributions.

Under the milestone deal agreed upon between Iran and the P5+1 group at a meeting in Geneva last November, Iran agreed to suspend some controversial activities in exchange for relevant sanction relief in six moths, buying time for diplomacy.

However, negotiators failed to find a final solution in resolving the decades-long disputed Iranian nuclear plan after rounds of intensive talks in Vienna this year but to extend the talks for another four months.

The next round of talks is to be held in New York Thursday.