Russia, Iran discuss nuclear deal after United States withdrawal

16 May, 2018, 15:11 | Author: Angel Logan
  • Germany US' Iran sanctions could stymie Europe

The European Union's foreign policy chief says a meeting of the foreign ministers of France, Britain, Germany and Iran has yielded a blueprint for further talks to salvage the Iran nuclear deal after the United States pulled out.

"If the JCPOA (nuclear deal) is supposed to continue, it was a good start and it has sent an important political message, but this is not the end of the work", Mohammad Javad Zarif told reporters on his flight back to Tehran, according to state news agency IRNA.

Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week.

In statements prior to his decision to withdraw from the agreement and to re-impose crippling economic sanctions on Iran, Trump said he had no intention of changing course on a campaign promise that he made almost two years ago when he pledged to reverse his predecessor Barack Obama's landmark accord with Tehran.

Trump's withdrawal from the deal has imperiled not only the accord, but the threat of sanctions could trickle down to European companies doing business with Iran.

On Wednesday, the European Commission will meanwhile discuss the EU's 1990s-era blocking sanctions, Mogherini said. "That is clear to us all", he said.

"I'm privy to the information that the European Union is going to shift from dollar to euro to pay for crude from Iran", the website of Russian news channel RT said on Wednesday, citing a diplomatic source who spoke to Sputnik news agency. "Whatever (is) decided should preserve and guarantee Iran's rights".

White House national security adviser John Bolton said U.S. sanctions on European companies that maintain business dealings with Iran were "possible", while Secretary of State Mike Pompeo said he remained hopeful Washington and its allies could strike a new nuclear deal with Tehran.

"I'm not the national security decision maker", Bolton said, adding that Trump "makes the decision and the advice that I give him is between us".

The U.S. Treasury announced on Tuesday more sanctions on officials of the Iranian central bank, including Governor Valiollah Seif, for allegedly moving millions of dollars on behalf of the country's Revolutionary Guards Corps to Lebanon's Shi'ite Hezbollah group.

"It would not stop Iran from getting nuclear weapons".

Johnson said the Europeans were "under no illusion about Iran's disruptive behaviour, but we think we can tackle those in other ways outside the JCPOA".

At the weekend, EU Energy Commissioner Miguel Arias Canete is due to visit Tehran to discuss energy cooperation between Iran and the bloc.

"We have to accept, be realistic about the electrified rail, the live wire of American extraterritoriality and how that can serve as a deterrent to businesses", Johnson said.

German exports to Iran totaled almost 3 billion euros ($2.3 billion) in 2017, while French exports soared from 562 million euros ($670 million) in 2015 to 1.5 billion ($1.8 billion) in 2017 and oil giant Total has pledged to invest some $5 billion in the South Pars gas field.

Measures could include retaliatory sanctions, allowing the European Investment Bank to invest in Iran and coordinating euro-denominated credit lines from European governments.

Recommended:



Popular

Facebook to United Kingdom parliament: no Zuckerberg for you
What will the final count be? Facebook closed that loophole in 2014, but clearly wants to avoid another data privacy scandal. Where we find evidence that these or other apps did misuse data, we will ban them and notify people via this website .

130m-wide Lost asteroid to zoom past Earth today
Asteroid 2010 WC9 is only a fraction of the size of the rock that caused the mass extinction event that killed off the dinosaurs. It is being said that the space rock has completed its orbit and now comes back to the Earth.

Oil inventories of developed nations decline: OPEC report
The tightening market has just about solved the global supply overhang that has weighed down oil prices between 2014 and 2017. Iran has boosted its oil production almost 1 million b/d since the nuclear deal lifted Western sanctions in January 2016.

Gap pulls shirt with incorrect map of China from stores, issues apology
The shirt could not be found on Gap websites and it wasn't clear whether it was still being sold in shops in some countries. A series of other big Western brands have apologized over missteps on Chinese territorial issues.

Pakistan stops USA diplomat Colonel Joseph Hall fleeing after fatal accident
Sources said that the USA diplomat wasn't present at the airbase but would reach there after being allowed to leave the country. Hall was not granted permission to leave, according to Dawn , and he later returned to the US Embassy in Islamabad .

Baseball notes: Cano hit by pitch, has fracture on right hand
Castellanos was hit by a pitch in the first inning of the second game of Saturday's doubleheader , and he left soon after that. Robinson Cano chased Fulmer from the game in the fifth when he hit a 3-run home run to make it 6-2 Seattle.

Carlos Carvalhal: 'Swansea City owners want me to stay'
Ederson has concluded a fairytale debut Premier League season with a new contract, extending his stay with Champions Manchester City .

Pakistan 193-6 at tea as Ireland starts life in test cricket
Babar Azam (14), pushing hard at a Murtagh delivery that left him off the pitch, was well-held by Paul Stirling at second slip. Despite being the first team to lose their entire opening day of Test match cricket, Deutrom refused to be deflated.

Theresa May sets up cabinet teams to thrash out rival customs plans
One cabinet minister told the Guardian: "The prime minister wants to find a way through this that keeps the party together". He also wrote in The Spectator that it is time for the government to end the circular discussions on customs unions.

Dustin Johnson Tied For Leader At The Players
That's been the story of the TPC Sawgrass over the years - a design that doesn't favour one particular style of play. On the 393-yard par-4 sixth hole, Cook reached the green in 2 and sunk a sub 1-foot putt for birdie.