“It’s been nearly a year since Donald Trump made the decision to withdraw from the Iran nuclear deal, to loud cries that it would bring nothing but woe to the United States and our interests in the Middle East,” Bret Stephens wrote on March 29.
Despite the European leaders’ criticism, US President Donald Trump withdrew in May 2018 unilaterally from the Iran Deal, formally known as the Joint Comprehensive Plan of Action (JCPOA).
World leaders including European Union foreign policy chief Federica Mogherini have over and over again voiced their strong belief that the Iran Deal should be kept alive, IRNA reported.
Referring to a “dozen parameters for an agreement” set last May by the US Secretary of State Mike Pompeo, the newspaper stressed that “Pompeo’s demands have been alternatively dismissed as silly or reckless by most of Washington’s foreign policy establishment.”
To counter US unilateralism, Austrian Foreign Minister Karin Kneissl assured in February that London, Paris and Berlin will continue cooperation with Tehran as Europe’s channel for trade with Iran has become operational.
France and the UK set up a payment channel with Iran called INSTEX, to help continue trade with Tehran and circumvent the US sanctions. The Paris-based transactions channel, named INSTEX - Instrument In Support Of Trade Exchanges - is run by a German national, and the three countries are shareholders in it.
In a related development, Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati announced on March 20 that a mechanism, called Special Trade and Finance Institute (STFI), similar to the channel introduced by the E3 has been registered in Tehran in the last working day of the Iranian calendar year ended in the same day.
By standing against US unilateral policies, Europeans want to say that it is time to become free from US years of domination, he said.