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Iran Tells EU to Speed up Efforts to Salvage 2015 Nuclear Deal

European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal since the United States withdrew from the deal, which Trump said was "deeply flawed".

Reuters

Updated:August 20, 2018, 1:31 PM IST
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Iran Tells EU to Speed up Efforts to Salvage 2015 Nuclear Deal
News18 Creative by Mir Suhail.

Ankara: Iran said on Monday that Europe should accelerate its efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May.

"Europeans and other signatories of the deal (China and Russia) have been trying to save the deal ... but the process has been slow. It should be accelerated," Foreign Ministry spokesman Bahram Qasemi told a news conference broadcast on state TV. "Iran relies mainly on its own capabilities to overcome America's new sanctions."

European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal since the United States withdrew from the deal, which Trump said was "deeply flawed".

Washington imposed new sanctions on Iran in August, targeting its trade in gold and other precious metals, purchases of U.S. dollars and its car industry.

The European Union has taken steps to counter the renewed U.S. sanctions, including forbidding EU citizens from complying with them or related court rulings, and allowing firms to take legal action to recover potential damages from parties who withdraw from contracts due to the sanctions.

European powers, China and Russia say they will do more to encourage their businesses to remain engaged with Iran. But the prospect of U.S. penalties appears to be enough to persuade European companies to keep out of Iran.

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| Edited by: Zoya Mateen
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