EU package does not cover all demands of Iran

07 July, 2018, 03:59 | Author: Emmett Rice
  • GETTYPresident Hassan Rouhani warned Iran could soon halt exports of oil to neighbouring countries

Iran's remaining partners in the JCPOA vowed on Friday to keep the energy exporter plugged into the global economy.

Iranian officials have said that key for them is to ensure measures that guarantee oil exports do not halt, and that Tehran still has access to the SWIFT worldwide bank payments messaging system or an alternative.

Zarif pointed to his "very serious and constructive" talks with the remaining parties of the nuclear deal and said, "I believe that there is political will to continue work and save this agreement but we must see what will happen to this issue in practice."

The foreign ministers Friday agreed on an 11-point list of joint goals in the Austrian capital, where the accord was signed with the aim of stopping Iran from building the atomic bomb in return for sanctions relief.

The Iranian president expressed hope that this issue will be raised at the meeting of foreign ministers from JCPOA signatory states with Iranian representatives, due on July 6 in Vienna. Washington has since told countries they must stop buying Iranian oil from November 4 or face financial measures.

Iranians have complained that the hoped-for rise in foreign investment and trade after the deal has not materialised. Even though Iran's Foreign Minister Mohammad Javad Zarif said that the U.S. actions "de-facto disrupted the agreement", thus giving Iran a right to withdraw from it as well, the Islamic Republic would not exercise this right, according to Lavrov.

"We are trying to do it before sanctions are imposed at the start of August and then another set of sanctions in November".

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Tehran has conditioned its stay in the deal to practical European strides to make sure Iran's dividends from the deal would not be affected when U.S. sanctions "snap back" in August.

"These initiatives are aimed at preserving the nuclear deal which is in the security interest of all", said the joint statement read out by European Union foreign policy chief Federica Mogherini.

In the joint statement, Iran's Mohammad Javad Zarif and other top diplomats reconfirmed their commitment to the deal and its "economic dividends" for Iran, which has suffered worsening financial turbulence since Trump abandoned the accord.

However, during a phone conversation with French President Emmanuel Macron on Thursday, Rouhani said that the package proposed by European Union leaders "does not meet all our demands", and demanded a "clear action plan from Europe with a timetable so it can compensate for the United States exit from the deal".

Heading in to the talks, German Foreign Minister Heiko Maas conceded that the treaty nations would not be able to compensate Iran entirely for the loss of business from companies withdrawing, but said they would advise firms that want to continue investing and emphasize to Iran that leaving the deal "would have much greater disadvantages".

"After the withdrawal of the United States, which we can't understand, we face a hard situation", he added, but he stressed that "we want to make clear to Iran that it will still gain economic benefits through this agreement".

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