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techkenyot.com May 19, 2019


Iran calls for European assistance in face of sanctions

04 November 2018, 05:32 | Hattie Nash

Iran calls for European assistance in face of sanctions

Iran calls for European assistance in face of sanctions

Thousands of Iranians have staged a rally in Tehran marking the anniversary of the 1979 U.S. Embassy takeover as Washington restores all sanctions lifted under the nuclear deal.

Secretary of State Mike Pompeo said earlier Friday the United States will grant eight jurisdictions waivers to the US -led campaign against Iran, but did not name them.

Saudi Energy Minister Khalid al-Falih said his country, which raised output by 700,000 bpd to 10.7 million bpd in October, was prepared to further bump up production to 12 million bpd. "U.S. licenses for the sale by Airbus and Boeing of commercial aircraft to Iran Air and other Iranian airlines have been revoked, causing cancellation of sales".

China, India, South Korea, Turkey, Italy, the United Arab Emirates and Japan have been top importers of Iran's oil, while Taiwan occasionally buys cargoes of Iranian crude but is not a major buyer.

"SWIFT now must make a choice", he said: refuse to deal with Iran banks on the U.S. blacklist, or face sanctions itself.

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USA officials said Friday that Washington was adding 700 individuals and entities to its Iran blacklist and pressuring the global SWIFT banking network to cut off Tehran when expanded sanctions are put in place next week.

The "US addiction to sanctions is out of control", Zarif wrote on Twitter.

"The JCPOA is a key element of the global nuclear non-proliferation architecture and of multilateral diplomacy", they said.

It is our aim to protect European economic operators engaged in legitimate business with Iran, in accordance with EU law and with UN Security Council resolution 2231.

"Mogherini and the European ministers ... highlighted the importance of the finance ministers' commitment to Europe's financial mechanism to save the Iran nuclear deal and said the mechanism will be operational in the coming days", IRNA said.

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Smashing another remnant of Barack Obama's reign and throwing some red meat at red states at the same time, the administration was quick to get out the word that "President Donald J. Trump is reimposing the toughest sanctions ever on Iran, targeting numerous corrupt regime's critical sectors". From this campaign not only India but other consuming nations will be benefitted. Those that buy oil from Iran after the cutoff could be penalized, through fines or exclusion from the USA financial system.

The National Iranian Oil Company has signed a deal with state-owned Zarubezhneft to develop two oil fields, Aban and Paydar-e Gharb, in Iran.

"The difference last time was that sanctions were phased in gradually over a long period", said Rome. But she said she was struck by the sense of despair she heard, in particular from Iranian officials who had promoted worldwide engagement as a way to solve Iran's security and economic dilemmas, and their sense that that stance was increasingly hard to sustain.

"The population is holding them accountable", O said on a call hosted by the European Center for Foreign Relations on Wednesday. "There is no exit for us". Secretary Pompeo has promised "maximum pressure" on Tehran in the weeks and months ahead.

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