US invests $300 billion in Iran as part of deal - media

The memorandum between the US and Iran on resolving the conflict provides for a private fund of $300 billion intended to stimulate investments in the Islamic Republic.

This follows from a copy of the document published by Al Arabiya TV channel.

Sources note that more than half of this amount has already been allocated.

The 14-point agreement, which is expected to be signed on Friday in Switzerland, includes:

1. The Islamic Republic of Iran and the United States, together with their allies in the current war, declare after the signing of this Memorandum of Understanding the immediate and final cessation of the war on all fronts, including Lebanon, and undertake from now on not to take any hostile actions against each other and to refrain from the threat or use of force against each other. The final agreement will confirm the provisions of this article and the remaining articles.

2. The Islamic Republic of Iran and the United States undertake to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.

3. The Islamic Republic of Iran and the United States undertake to negotiate and reach a final agreement within a maximum of 60 days, with the possibility of extension by mutual consent.

4. Immediately after the signing of this Memorandum of Understanding, the United States will lift the naval blockade and prevent any interference or obstruction with respect to the Islamic Republic of Iran, as well as restore shipping within a maximum of 30 days to its full capacity; shipping will be proportional to the pre-war volume of shipping by the Islamic Republic of Iran. The United States also undertakes to withdraw its troops from adjacent areas within 30 days after the conclusion of the final agreement.

5. After the signing of this Memorandum of Understanding, the Islamic Republic of Iran will immediately take steps to ensure the resumption within 30 days of the movement of commercial vessels from the Persian Gulf to the Sea of Oman and back in pre-war volume, taking into account the need to eliminate technical obstacles and demining by Iran.

6. The United States undertakes, together with its regional partners, to develop a comprehensive plan agreed by both parties for the reconstruction and economic development of the Islamic Republic of Iran, ensuring funding of at least 300 billion dollars. The mechanism for implementing this plan, as part of the final agreement, will be developed within 60 days.

7. The United States undertakes to lift, according to a schedule to be agreed within the framework of the final agreement, all types of sanctions currently in force against the Islamic Republic of Iran, including resolutions of the UN Security Council and the Board of Governors of the International Atomic Energy Agency (IAEA), as well as all unilateral US sanctions, both primary and secondary.

8. The Islamic Republic of Iran reaffirms that it will never produce nuclear weapons. The Islamic Republic of Iran and the United States have agreed that the fate of enriched uranium and the fate of all other mutually agreed issues related to the nuclear program, including Iran's nuclear needs, will be properly addressed in the final agreement; the final agreement will confirm the provisions of this article.

9. The Islamic Republic of Iran and the United States have agreed that until the final agreement is reached, they will maintain the status quo: Iran will maintain the status quo in its nuclear program, and the United States will not impose new sanctions against Iran or strengthen its forces in the region.

10. The United States undertakes that immediately after the signing of this Memorandum of Understanding and until the date of lifting of sanctions, the US Department of the Treasury will provide exceptions for the export of Iranian crude oil, petrochemical products and their derivatives, as well as all related services, including banking, insurance, transportation and the like.

11. The United States undertakes that in light of progress in negotiations to reach a final agreement, frozen or restricted funds and assets of the Islamic Republic of Iran will be unblocked and become fully available. These funds, whether on the main account or transferred, will be used for any final payments determined by the Central Bank of the Islamic Republic of Iran and will be fully available for use. The United States undertakes to issue all necessary permits and licenses on this basis.

12. The Islamic Republic of Iran and the United States agree that an implementation mechanism will be established to monitor the successful implementation and further compliance with the Final Agreement.

13. After the signing of this Memorandum of Understanding and receipt of guarantees regarding the commencement of implementation of Articles 4, 5, 10 and 11 of this Memorandum of Understanding and the further implementation of these steps, the Islamic Republic of Iran and the United States will participate in negotiations to conclude the Final Agreement exclusively with respect to the remaining articles.

14. The final agreement will be approved by a binding UN Security Council resolution.