France: EU Likely to Lift Some Iran Sanctions in December

The announcement comes hot on the heels of a landmark deal over Tehran’s nuclear program that ended a decade of diplomatic deadlock.

The European Union will ease sanctions imposed on Tehran “in December,” the French foreign minister told radio Europe 1 on Monday.

Fabius added that a meeting between EU foreign ministers had been scheduled for the coming weeks to discuss the lightening of the sanctions, RT reported.

Although Fabius did not specify which sanctions would be lifted, he said that the move would be “reversible.”

“We are doing the same as the American side,” said Fabius. The P5+1 reached a deal with Iran in the early hours of Sunday morning that will allow Tehran access to $4.2 billion in funds frozen as part of the financial penalties imposed on the country.

The agreement will allow Tehran to continue enriching uranium, but only to 5 per cent, a far cry from the 90 per cent needed for the construction of an atomic bomb. Minister Fabius said that although the international community had agreed to let Iran continue enrichment, the deal does not acknowledge Tehran’s “right to enrichment.”

“Iran cannot do whatever it wants, there are specific limitations,” he said.