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techkenyot.com June 21, 2018


Javad Zarif Says Russia Would Continue to Support JCPOA Despite US Pullout

16 May 2018, 02:13 | Glen Norman

Javad Zarif Says Russia Would Continue to Support JCPOA Despite US Pullout

Iran`s foreign minister Mohammad Javad Zarif second from left meets with his French German and British counterparts and EU foreign policy chief Federica Mogherini left in Brussels

PRESIDENT Trump announced on May 8, 2018 that US was withdrawing from the Iran nuclear deal.

Major European powers are seeking to keep Iran in a landmark global nuclear agreement even after President Donald Trump pulled the United States out of the pact and promised tough economic sanctions against the Islamic Republic.

European officials have said they are looking for ways to help their companies escape the brunt of the US sanctions.

But the reach of the US financial system, the dominance of the USA dollar, Trump's efforts to weaken the WTO and the presence of European companies' operations in the United States all weaken any potential EU measures.

On Tuesday, German insurer Allianz said it was preparing to wind down Iran-related business due to possible U.S. sanctions.

Trump denounced the accord, completed under his predecessor Barack Obama, as a "horrible, one-sided deal that should have never, ever been made" as it did not cover Iran's ballistic missile programme or its role in Middle East conflicts.

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If Zarif also succeeds in getting European support, Iran plans to adhere to the deal, which has lifted sanctions on the country in exchange for the halting of nuclear activities.

The US, he said, is not going it alone on Iran.

It's already spent $90 million to develop the field, and Iran's state oil company says it won't be compensated until production begins.

Iran's talks with European countries to save the nuclear deal are on the right path despite the USA withdrawal, its foreign minister said after meeting the European Union's foreign policy chief on Tuesday.

Minister for trade and export David Parker last week said it was still unclear to the nations who remained in the nuclear agreement what exports or trade were at risk when associating with Iran.

France's foreign minister had said on Friday he had asked for exemptions or longer grace periods for the exit of French companies such as oil-and-gas giant Total SA and vehicle maker Peugeot SA that have returned to the Iranian market since the 2015 nuclear accord.

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Despite the United States exit, Britain and Iran expressed their commitment to ensuring that the accord is upheld, according to a statement released by British Prime Minister Theresa May's office. "The answer is no", Le Maire told reporters in Paris, adding that France won't accept the "vassalization of Europe" by USA officials bent on reimposing sanctions on Iran.

She said Iran and the Europeans will be working over the coming weeks to find practical solutions which will include continuing to sell Iran's oil and gas products, maintaining effective banking transactions and protecting European investments in Iran. Washington's decision to go against its European allies' advice and abandon the deal has pushed them closer to Beijing and Moscow as diplomats scramble to keep the pact alive.

This, along with its diplomatic moves to orchestrate an end to the Syrian conflict, has put Moscow at loggerheads with the United States and Europe, which have intervened against the regime.

Putin will also meet Yukiya Amano, the head of the International Atomic Energy Agency in Sochi, presidential aide Yury Ushakov said.

The Trump administration portrayed its rejection of the nuclear agreement as a response, in part, to Tehran's interventions in the Middle East, underpinning Israeli Prime Minister Benjamin Netanyahu's tough line towards Iran. It cited, for instance, Trump's earlier dumping of the Paris climate change agreement with a promise to provide a better deal that he hasn't fulfilled.

"I think at the moment there's some feeling in Europe - they're really surprised we got out of it, really surprised at the reimposition of strict sanctions".

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Mr Zarif told reporters as he left that the meetings had been "a good start", adding: "I believe we are on the right track, now a lot depends on what we can do within the next two weeks".



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