Iran To Start Nuclear Commercialization, Attract Foreign Funds: President Rouhani

Iran said that it would start nuclear commercialization, and attract more foreign investment. The declaration came from Iranian President Hassan Rouhani, who spoke to reporters in the western Iranian city of Hamadan Tuesday.

According to Rouhani, the United Nations Security Council Resolution 2231 not only recognizes its nuclear program, but urges the world powers to cooperate with the Islamic republic as well. He said that Iran would import yellow cake and export enriched UF6.

“Under the Joint Comprehensive Plan of Action (JCPOA), Tehran intends to use a new technology in the Arak nuclear complex in coordination with two members of the P5+1 group,” Press TV quoted Rouhani, “We hope that Iran’s nuclear agreement is fully implemented and we can attract more foreign investment.”

The Iranian president appreciated the efforts of the team of diplomats, who had successfully negotiated with six world powers. He said that the people of the country should be aware of their “great work.”

The head of the U.N. nuclear watchdog earlier said that there were not enough funds to ensure the implementation of the Iran nuclear agreement. The International Atomic Energy Agency Director General Yukiya Amano said that funds were running out while member states would have to spend more than $10 million every year to monitor the proposed agreement.

According to Amano, the Agency had immediate funding needs for the continuing costs of implementing, monitoring and verification under the existing Joint Plan of Action, CNN reported. He also added that the amount of money required was 800,000 euros ($920,720) for a month.

An additional $185,000 will be needed every month during the period between the adoption of the deal and its implementation. Amano said that the extra-budgetary contributions for the purpose would be over by the end of September.