0632 GMT February 18, 2019
After US May exit from the Iran Deal, the Europeans promised to keep the deal safe even after Washington’s withdrawal, Ali Akbar Salehi told reporters in Tehran, according to IRNA.
The Europeans try to honor their pledges on the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), in order to pave the way for Iran to make use of economic conditions created after the 2015 deal which was unilaterally breached by the US, Salehi said.
Despite the world’s criticism over Washington’s anti-Iran measures, US President Donald Trump reinstated unilateral sanctions on Tehran on November 5, few months after leaving the JCPOA, and imposed as he claimed the “highest level” of economic bans on the Islamic Republic of Iran.
As Salehi said, special purpose vehicle (SPV) is among the ways proposed by Europe, and this financial mechanism is going through the final phase according to Europeans’ claim.
“They [the Europeans] told us that forging consensus among 27 countries is not something easy as the US officials have been trying not to let Europe’s mechanism be operated,” Salehi said.
But its final phases are near the end of completion, he stressed.
This is a great event that the European Union have decided to import 85 percent of its needed oil in euro instead of the dollar, Salehi said.
“Europeans who are working on the proposed package are in regular contact with our colleagues in Iran.”
Most observers believe that sanctioning Iran’s oil for a long-term period will lead to oil price hike and weaken [US] dollar in the international arenas, which will ultimately lead to the US defeat and its withdrawal from its unilateral decisions.