techkenyot.com
techkenyot.com October 20, 2018


China, Germany defend Iran business ties as US sanctions grip

08 August 2018, 10:13 | Glen Norman

"But now, all the countries in the world are supporting Iran".

"If there is the issue of negotiations, we had two years of intensive negotiations with the Americans and the JCPOA (the Iran nuclear agreement) was the result of these talks, but the Trump administration withdrew from it".

Zarif said the United States president has taken a hostile approach towards the Iranian nation as he first re-imposed those sanctions that targeted activities such as plane purchases.

Following Trump's announced USA departure from the deal in May, the White House has, through 17 rounds, sanctioned 38 Iran-related targets.

Tuesday's sanctions target Iran's purchases of US dollars, metals trading, coal, industrial software and the auto sector.

In November, a second batch of potentially more damaging sanctions will be reinstated on Iran's port operators, and the energy, shipping, and shipbuilding sectors.

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USA sanctions on Iran's energy sector are set to be re-imposed after a 180-day "wind-down period" ending on November 4. Observers have dismissed Trump's call for Saudi Arabia to abruptly increase oil production as political "noise".

European countries, hoping to persuade Tehran to continue to respect the nuclear deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.

Zarif said in his Wednesday remarks that the world was taking Iran's side in the face of USA acts.

Turkey, however, said it would continue to buy natural gas from Iran.

BEIJING - China's business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States.

USA officials have said in recent weeks that they aim to reduce Iran's oil exports to zero as a means of pressuring Tehran to halt its nuclear and missile programmes and involvement in regional conflicts in Syria and Iraq.

Speaking to state broadcaster IRINN on Wednesday, Rouhani said: "If the Americans want to keep this simplistic and impossible idea in their minds, they should also know its consequences". "The main reason behind this is that Trump does not care about either the Iranian people or global obligations", he told reporters.

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Rouhani hinted last month that Iran could block the Strait of Hormuz, a major oil shipping route, if the USA attempted to stop the Islamic Republic's oil exports.

The European Union has also unveiled a "blocking statute" meant to mitigate the impact of the U.S. sanctions on European firms doing legitimate business with Iran. The Trump tactics have deepened an already serious economic crisis in Iran, fuelling protests around the country.

Already facing broad economic fallout as their currency implodes, Iranians are wondering how the next phase of the crisis in U.S. relations will play out - and what, exactly, America's long-term strategy is toward their country. Zarif told reporters on state broadcaster IRINN.

On Monday, Trump signed an executive order re-imposing sanctions on Iran to levy "maximum economic pressure" on the Islamic Republic.

The top Iranian diplomat said the Americans need to be answerable to the Iranian people in numerous cases, adding that given the deep distrust the U.S. has caused over the past decades, the Iranians can hardly find a reason to talk to them.

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