The failure of the Iran nuclear deal is fraught with negative consequences for the entire global non-proliferation system, Russian Foreign Minister Sergey Lavrov said at a master class for the Leaders of Russia contest finalists on Wednesday.

"We will insist that all the parties remain committed to the Joint Comprehensive Plan of Action (JCPOA) for Iran’s nuclear program," he said. "Its failure is fraught with very negative and hard-to-predict consequences for the entire non-proliferation system and the entire world order," the Russian top diplomat added.