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Fri, Apr

Iran To Receive $15b Incentive From France To Reduce Its Commitment

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French President Emmanuel Macron had offered Iranian President Hassan Rouhani financial incentives to convince Tehran against fulfilling its warning to further breach the nuclear deal.

 

Iran warned on Monday that it was ready to take a “stronger step” in reducing its commitments to the 2015 pact if Europe cannot offer the country new terms by a deadline at the end of this week. Iran had set Friday as a deadline for Europe to offer it a way to sell its crude oil on the global market.

 

The offer stood at 15 billion dollars that will be paid in installments and Rouhani was opened to the proposal, according to sources.

 

Paris suggested that Tehran continue to respect the accord past the deadline. This will give it time to discuss with American officials the approval to offer the first installment of the incentive, estimated at 5 billion dollars. French and US officials are set to meet at the upcoming UN National Assembly. (NAN)