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The European Union will immediately lift some of its economic sanctions against Iran now that the country has suspended enrichment of uranium to the 20-percent purity level at Natanz and Fordow nuclear sites.
The International Atomic Energy Agency confirmed that these measures implemented the first steps of the historic agreement reached between Iran, the United States, China, Russia, Britain, France and Germany last November. The Islamic Republic has also started the process to dilute and oxidize its 196-kilos stockpile of 20-percent-enriched uranium. In exchange, the EU and the United States have agreed they will gradually release blocked funds.