Iranian leader describes European Union proposals to save JCPOA as ‘disappointing’
07 July, 2018, 04:00 | Author: Sue Mclaughlin
Maas called the European offer "attractive" but conceded that "we won't be able to compensate for all the effects of enterprises withdrawing from Iran because they see their American business interests threatened by the sanctions".
"We must put in place measures that allow Iran to trade as long as it meets its commitments", he told RTL radio in France, cautioning that the new steps may take until November when numerous sanctions take effect.
Speaking after three hours of talks, European Union foreign policy chief Federica Mogherini, who chaired the talks, read a statement from the six delegations repeating previously-announced broad priorities ranging from guaranteeing Iranian oil revenue to shipping ties, banking and all other trade and investment co-operation. Washington has since told countries they must stop buying the OPEC producer's oil from November 4 or face financial consequences.
The pillars of the European Union's strategy are: European Investment Bank lending, a special measure to shield EU companies from US secondary sanctions, and a Commission proposal that EU governments make direct money transfers to Iran's central bank to avoid USA penalties.
This was extrapolated by U.S. officials as a threaten to shut down all regional oil shipping, when it could just as easily be interpreted as noting that Iran can basically export its oil under the guise of it coming from other regional countries, which is common behavior during sanctions.
Unlike at past meetings, Mogherini took no questions.
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Iranian Minister of Foreign Affairs Mohammad Javad Zarif (C) and political deputy at the Ministry of Foreign Affairs of Iran Abbas Araghchi take part in a Comprehensive Plan of Action (JCPOA) ministerial meeting on the Iran nuclear deal on July 6, 2018 in Vienna, Austria.
Iran's Revolutionary Guards said this week that the country would prevent any oil from being exported through the Strait of Hormuz, a shipping lane between Iran and Oman.
"I am sure that we will send a united, determined and strong signal and confirm that we as treaty members will hold on to the deal", Wang said, Press TV reported.
Foreign ministers from three European nations along with Russian Federation and China agreed on an 11-point list of joint goals, saying they remained committed to the nuclear accord and to building up economic relations with Iran, including "the continuation of Iran's export of oil and gas" and other energy products. Hassan Rouhani, who spoke with his French counterpart on the phone, also said the European Union's proposed package on continuation of cooperation under the nuclear deal does not cover all demands of Iran. "We want to make clear to Iran that it will still gain economic benefits through this agreement".
However, Rouhani told French President Emmanuel Macron by telephone on Thursday that the package of economic measures failed to offset sufficiently the effects of the US pullout and its re-imposition of nuclear-related sanctions.
The most punitive of the secondary United States sanctions is expected to snap back in November.
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