Europe willing to “pay the price” to save nuclear deal: Iran

Vastavam web: Iran’s Foreign Minister Mohammad Javad Zarif said today that Europe had not yet shown it was willing to “pay the price” of defying Washington in order to save the nuclear deal. Zarif said European governments had put forward proposals to maintain oil and banking ties with Iran after the second phase of US sanctions return in November. But he told Iran’s Young Journalist Club website that these measures were more “a statement of their position than practical measures”. US President Donald Trump pulled out of the 2015 nuclear deal in May, and began reimposing sanctions earlier this month that block other countries from trading with Iran.

A second phase of sanctions targeting Iran’s crucial oil industry and banking relations will return on November 5. Europe has vowed to keep providing Iran with the economic benefits it received from the nuclear deal, but many of its bigger companies have already pulled out of the country for fear of US penalties. “Iran can respond to Europe’s political will when it is accompanied by practical measures,” said Zarif.