Friday, 19 October, 2018

Iran has not violated nuclear deal, staying within restrictions: IAEA report

Iran has not violated nuclear deal, staying within restrictions: IAEA report Iran has not violated nuclear deal, staying within restrictions: IAEA report
Lisa Bryan | 29 May, 2018, 13:45

The Iranian government wants assurances that economic incentives that were part of a landmark deal to stop the country developing nuclear weapons will be protected, despite the U.S. withdrawal and threat of sanctions against companies who trade with Iran.

Quarterly meetings between Iran and the world powers had been held since the agreement entered into force in January 2016, but Friday's meeting was convened without the US.

On May 8, USA announced its withdrawal from the Iran nuclear deal, vowing to reinstate sanctions on Tehran and impose "the highest level" of economic bans on Iran.

But this has proven hard, with many European firms alarmed at the specter of far-reaching US financial penalties. Britain, China, France, Germany and Russian Federation remain in it.

The U.S. has levied sanctions against Tehran for its ballistic missile programme and labels Iranian regional proxy groups such as Hezbollah as "terrorist" entities.

Mr Khamenei added Iran could no longer deal with the USA that "easily violates an worldwide treaty".

He said European measures would need in large part to ensure that oil exports remained the same and that the SWIFT worldwide payments messaging system continued to work for Iran.

That's not all. Pompeo said any treaty will also require Iran to change its regional and military policies - things like its ballistic missile testing in defiance of United Nations bans and its military meddling in Syria, Yemen, Lebanon and Afghanistan.

"During the 40 years after the victory of the Islamic Revolution we did not initiate any aggression on any country and we are not looking for a territorial expansion", the Iranian top security official noted. Enhanced economy of the country could lead to resilient foreign policy and substantial foreign policy might result in geopolitical insecurity.

Washington has not only promised to impose "the strongest sanctions in history" on Tehran, but also threatened to punish companies that trade with it.

European countries have until the end of May to propose ways mitigate the effects of the US' exit from a nuclear deal between world powers and Tehran.


He said that in theory the deal could survive without the USA, but acknowledged "in practice I'm not sure".

In a statement after the talks, Helga Schmid, the European Union representative who chaired the meeting, said parties to the deal discussed "practical solutions" to ensure, among others, the continued sale of Iran's oil and gas, protection of businesses investing in Iran, as well as effective banking transactions and transport links.

British, Chinese, French, German and Russian officials will try to flesh out with Iran's deputy foreign minister a strategy to save the deal by keeping oil and investment flowing, while circumventing U.S. sanctions that risk hurting the economy.

Iran has struggled to benefit from the accord so far, partly because of remaining unilateral United States sanctions that have deterred major Western investors from doing business with Tehran.

Speaking after Friday's meeting, Iranian Deputy Foreign Minister Abbas Araghchi said: "We are negotiating.to see if they can provide us with a package which can give Iran the benefits of sanctions lifting", adding that "practical solutions" were required to address Iran's concerns over its oil exports, banking flows and foreign investments in the country.

US President Donald Trump has long trashed the deal with Iran - concluded under his predecessor Barack Obama - saying it did not do enough to curtail Tehran's nuclear ambitions.

Khamenei also rejected any new negotiations over Iran's missile programme, which was not covered by the nuclear deal.

European nations share USA concerns, but they say that torpedoing the nuclear deal makes them far harder, not easier, to address. She says that's what makes Trump's comments about wanting to improve the nuclear deal so exasperating.

But the USA pullout has shaken the pillars of support for the deal on both sides.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only.

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