Monday 13th January 2014

(10 years, 11 months ago)

Commons Chamber
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Lord Hague of Richmond Portrait Mr Hague
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My hon. Friend is right to say that the people working for the aid agencies do an extraordinary job. They are often in danger, and quite a number have lost their lives in the Syria conflict. They are the unsung heroes, and she is right to refer to them in the House. Of course we do everything possible to provide the information and equipment they need, but if at any stage she or any other hon. Member thinks there is more we need to do on that, we are always open to ideas.

Ian Paisley Portrait Ian Paisley (North Antrim) (DUP)
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I thank the Secretary of State for his statement and for the advance copy of it. He mentions the E3 plus 3 agreement with Iran. What impact will that have on the sanctions against that country? Will there be an early release of them?

Lord Hague of Richmond Portrait Mr Hague
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As I mentioned to the House, we were able to announce in the past 24 hours that this agreement will come into force next week, on 20 January. That means that the sanctions relief we have offered Iran starts from then. That will involve the amendment of some European Union sanctions and United States sanctions, and it means that the US will unfreeze a certain amount of Iranian assets—that will be spread over the six-month period of this agreement. It is anticipated that this amounts to about $7 billion of sanctions relief for Iran, provided the Iranians are sticking to their part of the agreement on the nuclear issue. That agreement is then renewable for further periods of six months while we work on a comprehensive solution. So a limited measure of sanctions relief is available to Iran from 20 January.