nuclear-news

Iran doesn’t want to leave the nuclear agreement, calls on Europe for trade help

No Intention to Quit JCPOA Despite Nuclear Rollbacks  Financial Tribune, 29 June 19, Europe should take further measures to ensure that the special trade channel set up to keep trade with Iran afloat satisfies Tehran’s demands, a senior diplomat said on Saturday, while stressing that the country does not intend to leave the nuclear agreement.

“I personally believe that INSTEX, in its current condition, isn’t enough. This mechanism without money is like a beautiful car without fuel,” Iran’s ambassador to the United Nations, Majid Takht-Ravanchi, told the media in New York, IRNA reported.

In early May, a year after US President Donald Trump pulled out of the 2015 Iran nuclear agreement, Tehran announced a decision to abandon some of its commitments under the deal, officially known as the Joint Comprehensive Plan of Action.

Iran would resume higher uranium enrichment in 60 days if the remaining signatories fail to make good on promises to shield its oil and banking sectors from the reimposed and tightened US sanctions.

On Friday, the European Union announced in a statement that the Instrument in Support of Trade Exchanges or INSTEX, the financial mechanism set up by France, Britain and Germany to facilitate some trade with Iran, is now operational and the first transactions are being processed. ….. (subscribers only) https://financialtribune.com/articles/national/98697/no-intention-to-quit-jcpoa-despite-nuclear-rollbacks

July 1, 2019 - Posted by Christina Macpherson | Iran, politics international