Europe Risks Angering US by Establishing Financial Mechanism with Iran

30 September, 2018, 04:01 | Author: Roderick Gutierrez
  • Rouhani: US Threat to Stop Iranian Oil Exports 'Empty Promise'

Rouhani spoke after returning to Tehran on Thursday from NY, where he addressed the UN General Assembly.

Rouhani noted that the United States wanted to turn the UNSC session against Iran by changing the agenda of the meeting, while something different finally turned out and the session instead focused on non-proliferation.

The Joint Comprehensive Plan of action, as the nuclear deal is officially known, was negotiated during the U.S. presidency of Barack Obama.

Many diplomats and analysts, however, are skeptical such a vehicle could ultimately thwart US sanctions given that the United States could amend its sanctions laws to prohibit such barter transactions.

Iran's president, Hassan Rouhani, told a news conference near the U.N. that the sanctions violate a U.N. Security Council resolution backing the nuclear deal.

Addressing the council, Trump called the JCPOA a "horrible one-sided deal", declaring that Iran "must never be allowed to possess a nuclear weapon" and accusing its government of exporting "violence, terror and turmoil".

President Trump on Wednesday accused China of trying to interfere in the November midterm elections "against my administration" and called out Russian Federation and Iran for "enabling" Syria to carry out its "butchery".

The drastic difference between those two figures represents the impact of US President Donald Trump's policies towards Iran.

He complained that the United States "has spared no effort" to exert pressure on Iran's oil sales and banking relationships, and there is not much left for the Trump administration to do.

German Foreign Minister Heiko Maas told reporters there was "strong unity" with Iran on minimising the impact of U.S. sanctions.

European Union foreign policy chief Federica Mogherini, speaking late on September 24 alongside Iranian Foreign Minister Mohammad Javad Zarif, said that the sanctions evasion plan was in the interest of global peace and pointed to United Nations inspectors' findings that Iran remains in compliance with the nuclear deal.

France, UK, and Germany risk angering the United States after agreeing with Russian Federation and China as well as Iran to establish a new financial mechanism within the European Union to assist and reassure economic operators pursuing legitimate business with Iran including its oil exports.

"We need to build together a long-term strategy to manage the crisis that can not be reduced to a policy of sanctions and containment of Iran", said Mr Macron.

Turning to Syria, Mr Trump assailed Russian Federation and Iran for backing President Bashar la-Assad in his brutal war in Syria, saying: "The Syrian regime's butchery is enabled by Russian Federation and Iran".

"Unfortunately the current disagreement over approach is not helpful and it is giving Iran a sort of lifeline and hope that it can skirt the various concerns that everyone has about Iran", Gargash said.

"We are not isolated; America is isolated", he said.


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