ibusinesslines.com
ibusinesslines.com September 21, 2018


Europe, Iran say push to save nuclear deal off to good start

17 May 2018, 09:19 | Kelvin Horton

Europe to seek exemptions from new US sanctions on Iran

Oil hits $77 for first time since 2014 after Trump scraps Iran nuclear deal - business live

Iran's foreign minister is due to meet for talks in Brussels this Tuesday with his German, French and British counterparts.

The New York Times reports that Iranian Foreign Minister Mohammad Javad Zarif met with European officials in Brussels in an attempt to preserve the 2015 deal negotiated by the Obama administration aimed at curtailing Iran's nuclear weapons program.

Zarif's hourlong meeting with Mogherini was in preparation of a wider discussion later on May 15 with the foreign ministers of three other European Union partners in the landmark deal: Germany, France, and Britain.

"We will now very carefully analyze the sanction-related steps announced by the United States", Siemens said in a statement on Monday "We have strictly complied with all relevant export control restrictions in the past and will continue to do so in the future".

"We stressed the commitment we all share to ensure that this will continue to be delivered and we agreed to this end to deepen our dialogue at all levels".

I wonder why they're still treating him with kid gloves?


Iranian officials have threatened to resume enrichment.

Mr Trump remained unconvinced the Iran agreement was anything but a "bad deal".

After the President threatened foreign firms that continue trading with Iran with "strong sanctions", Trump's national security adviser John Bolton told American TV he thought the United Kingdom and France would follow suit and ditch the 2015 deal. But the reach of the USA financial system, the dominance of the dollar and the presence of European companies' operations in the United States all weaken any potential EU measures. Mogherini said on Friday that "it seems that screaming, shouting, insulting and bully, systematically destroying and dismantling everything that is already in place, is the mood of our times.[But we have to] move on from the 'I win, you lose. approach". The European Union is also making a move to block the possibility of United States sanctions against European companies. Instead, Washington today finds itself in a high-risk, high-reward game of sanctions enforcement-not against its chief Middle Eastern adversary, but rather, against its major global partner.

It seems clear that, from Trump's perspective, the Iran deal and the diplomatic advances with North Korea are closely related - and that his policy of "maximum pressure" is paying off. They include retaliatory sanctions, allowing the European Investment Bank to invest directly in Iran and coordinating euro-denominated credit lines from European governments.

European commissioners will discuss sanctions-blocking measures on Wednesday, opening the way for European leaders to discuss the issue at a summit in Sofia later that day.

"The only way to avoid pain from these sanctions is negotiating with the USA, but the instruments are not easy to find", Volker Treier, deputy managing director of Germany's Association of Chambers of Commerce and Industry, said in an interview. In this scenario, Israelis and the Saudis would become even more vulnerable than they are now. Supreme Leader Ayatollah Ali Khamenei, not Rouhani, has the last say on all state matters. Still, surely by now the Europeans understand that Trump doesn't respond to "negotiations" or "complaints". It would be a wonderful thing if we could get the Europeans to do this.



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