International

Europe must ‘pay price’ to save nuclear deal: Iran FM

Europe must ‘pay price’ to save nuclear deal: Iran FM
Mohammad Javad Zarif
London, Aug 19 (Agencies) | Publish Date: 8/19/2018 12:26:41 PM IST

Iran’s Foreign Minister Mohammad Javad Zarif said Sunday that Europe had not yet shown it was willing to “pay the price” of defying Washington in order to save the nuclear deal, AFP reported.

Zarif said European governments had put forward proposals to maintain oil and banking ties with Iran after the second phase of US sanctions return in November. But he told Iran’s Young Journalist Club website that these measures were more “a statement of their position than practical measures”.

“Although they have moved forward, we believe that Europe is not yet ready to pay the price (of truly defying the US),” Zarif said.

US President Donald Trump pulled out of the 2015 nuclear deal in May, and began reimposing sanctions earlier this month that block other countries from trading with Iran.

A second phase of sanctions targeting Iran’s crucial oil industry and banking relations will return on November 5.

Europe has vowed to keep providing Iran with the economic benefits it received from the nuclear deal, but many of its bigger companies have already pulled out of the country for fear of US penalties.

“Iran can respond to Europe’s political will when it is accompanied by practical measures,” said Zarif.

“Europeans say the JCPOA (nuclear deal) is a security achievement for them. Naturally each country must invest and pay the price for its security. We must see them paying this price in the coming months.”

We have many resources, economy not at ‘dead end’

Iran said on Saturday it would resist the pressures of U.S. sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran, Reuters reported.

“It is a critical moment for our economy, but we are not in a dead end,” Vice President Eshagh Jahangiri was quoted as saying by the state news agency IRNA.

“This country has plenty of human and natural resources that can rely on.”

“The size of our oil and gas resources is number one in the world. In minerals and metals we are among the top 10 countries,” Jahangiri said.

Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.

Sanctions imposed in August target Iran’s trade in gold and other precious metals, its purchases of U.S. dollars and its car industry.

U.S. President Donald Trump has said a new round of sanctions will be imposed in November, targeting Iranian oil sales.

Iran’s Supreme Leader Ayatollah Ali Khamenei last week rejected Trump’s offer of talks.

Iran’s rial currency has lost about half of its value since April, driven mainly by heavy demand for dollars among ordinary Iranians trying to protect their savings.

 

-Tags:#Iran FM

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Phone:+91-3862-248 489,Fax: +91-3862-248 500
Advt.:+91-3862-2482 267, e-mail:npostadvt@gmail.com
© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus