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Iran considers Europe's offer to salvage nuclear agreement insufficient

09 July, 2018, 07:29 | Author: Ted Wilson
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Iranian President Hassan Rouhani said on Thursday that a European offer of economic measures to counter the effects of the United States abandoning the nuclear deal does not go far enough, reported state news agency IRNA.

He wanted Friday's meeting in Vienna of the foreign affairs ministers of the five countries committed to the agreement (Germany, China, France, United Kingdom and Russia), with their Iranian counterpart, to "enable the fulfilment of all of the Iranian demands for [Iran's] continued cooperation as part of the agreement".

Iran wants world powers to present measures guaranteeing oil revenue and investment into the country despite USA sanctions when ministers meet on Friday to save the 2015 nuclear deal, but European states will fall short of its demands, diplomats said.

Since Trump's shock move in May, Washington has warned other countries to end trade and investment in the Islamic republic and stop buying its oil from early November or face punitive measures.

The other partners so far appear powerless to stop their countries' companies pulling out of Iran for fear of United States penalties.

"The Iranians expect the others to say what we are going to do to keep the deal alive".

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Friday's statement lists key fields to support Iran to secure its economic interests, including "the maintenance and promotion of wider economic and sectoral relations with Iran; the preservation and maintenance of effective financial channels with Iran; the continuation of Iran's export of oil and gas condensate, petroleum products and petrochemicals; the continuation of sea (including shipping and insurance), land, air and rail transportation relations", manly to shield the country's backbone of the economic sector from USA sanctions.

German Foreign Minister Heiko Maas admitted that the situation is hard, and the European Union wants to make it clear to Iran that it has economic benefits from that deal, and it's looking for measures to benefit Tehran under the deal.

Iran has suffered worsening financial turbulence since US President Donald Trump abandoned the accord in May.

Any confirmation that Iranian authorities were behind the plot could make it politically hard for European leaders to continue to back the nuclear deal. The demands have been rejected by Iran.

The US withdrawal from being bound by the document, announced in May, was accompanied by significant threats of sanctions on all countries wishing to have economic trading relations with Iran.

Six people were arrested in Belgium, France and Germany, while the opposition group blamed the Iranian regime for the alleged plot.

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