The European Union is intensifying its efforts to try and save the Iran nuclear deal in defiance of the US. The bloc is understood to be readying a new payments system for transactions with Iran that will be announced soon. The aim is circumventing US sanctions and allowing businesses to continue trade with the Islamic Republic. Our correspondent Jerome Hughes reports from Brussels.
Europe should take action to neutralize the consequences of the US decision to quit the 2015 Iran nuclear accord to ensure its own long-term economic interests, Iran’s foreign minister said in an interview published on Saturday.
The remaining signatories to the 2015 nuclear deal should ensure that the agreement will serve the Islamic Republic’s interests, Kazem Gharibabadi, Iran’s representative to international organizations based in Vienna, said.
Deputy Foreign Minister Abbas Araqchi warned that the Islamic Republic would withdraw from the nuclear deal if the Europeans fail by November 4 to design a mechanism to safeguard Iran’s main interests in the accord, including oil sales and banking payments.
Iranian Deputy Foreign Minister Abbas Araqchi and visiting British Junior Foreign Minister Alistair Burt held talks in Tehran centering on the aftermath of the United States withdrawal from the 2015 nuclear deal with the Islamic Republic.